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Bitcoin ATM scammers stole $65 million in first half of 2024

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Summary
Nutrition label

62% Informative

Bitcoin ATMs are the physical machines that you can use to purchase or sell cryptocurrency at places like gas stations and grocery stores.

Consumers have already lost $65 million to the ruse in the first half of 2024 alone.

This year , victims reported losing a median of $ 10,000 to Bitcoin ATM scams.

Vermont and Minnesota have enacted laws putting daily transaction limits on crypto kiosks.

VR Score

49

Informative language

38

Neutral language

34

Article tone

informal

Language

English

Language complexity

39

Offensive language

possibly offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

detected

Time-value

short-lived

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