Bitcoin Depot, a dominant crypto ATM provider, has been made to disburse approximately
$2M to reimburse defrauded users. Crypto ATMs, predominantly those transacting Bitcoin, are becoming ubiquitous across the U.S, despite increased reports of fraud. A merger and acquisition deal sees crypto company
Polygon on the verge of purchasing respected Bitcoin kiosk operator,
Coinme. Crypto ATMs, particularly
Bitcoin, have become notorious for fraud, with losses escalating, prompting warnings from the
FBI. Authorities in the
United States have managed to retrieve some lost funds, approximately
$200,000 from Bitcoin ATM scams. Despite this, the convenience and increased acceptance of Bitcoin ATMs is seeing expansion, with prominent operator
Localcoin spreading to
Poland. Coincidentally, crypto ATM scams are primed to reach a record high in 2025, given figures released reporting losses of $
333 Million. As a result,
Louisiana has put in new laws to protect the elderly from these scams. Additionally,
Bitcoin ATM customers face a new threat, with hackers releasing a video application that aids in their defrauding of customers. Amidst the increasing cases of fraud,
Royal Farms introduced a new line of Bitcoin ATMs that include provisions to prevent fraud.
ATM Coin News Analytics from Wed, 26 Feb 2025 08:00:00 GMT to Sat, 10 Jan 2026 18:42:41 GMT -
Rating -8
- Innovation -5
- Information 7
- Rumor -2
