Data: Since 2020, the losses from Bitcoin ATM scams have increased nearly tenfold

ChainCatcher News, the U.S. Federal Trade Commission (FTC) has released data showing that economic losses suffered by consumers in Bitcoin ATM scams have surged dramatically. Since 2020, this loss amount has increased nearly tenfold.

The latest data released by the FTC highlights that in just the first six months of 2024, Bitcoin ATM scams have resulted in over $65 million in fraud losses. Notably, seniors aged 60 and above are more than three times as likely to be harmed by these scams compared to younger adults. For the year as a whole, the average reported loss by consumers in the first half of this year has reached $10,000.