A new report reveals scammers are using Bitcoin ATMs, or BTMs, as a tool to defraud victims, particularly seniors, by tricking them into depositing large sums.
Ashley Webster reports on a new trend where scammers exploit Bitcoin ATMs, or BTMs, to steal millions, particularly from seniors in Massachusetts. Webster explains these electronic kiosks allow users to buy cryptocurrencies with credit or debit cards, but lax oversight enables fraudsters to impersonate officials or tech support. Several Massachusetts cities have banned crypto kiosks and imposed fines due to these ongoing scams.
