Median Bitcoin ATM fraud losses between January and June totaled $10,000, with losses over three times more likely to be reported by seniors, compared with younger adults, according to a report from the Federal Trade Commission, which also attributed most losses to government and business spoofing, as well as tech support scams. While many Bitcoin ATM scams commence with messages regarding supposed suspicious account activity or unwanted charges, attackers have also resorted to impersonating major firms and issuing fraudulent security warnings on targeted devices, said the FTC.

Source: SC Magazine