ATM bitcoin scams are on the rise

There has been a "massive" surge in the amount of money consumers have lost to scams involving Bitcoin ATM machines, according to the Federal Trade Commission (FTC). 

The amount of money lost has increased tenfold since 2020, notching over $110 million in 2023. Within the first six months of the year, fraud losses to Bitcoin ATMs topped $65 million. 

The median loss in the first half of the year was $10,000, according to data from the FTC. However, those who are over 60 years old were...