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bitcoin ATM scamsCNBC
•72% Informative
Bitcoin ATMs are a rapidly growing presence in the United States and, some experts say, a cybercrime menace.
The FTC warns that bitcoin ATM fraud is soaring.
The high value of crypto makes them prime targets for hackers, experts say.
In Middletown , Ohio , a Bitcoin Depot ATM sits opposite a regular cash ATM in a hollowed-out end of town.
Users should be cautious and skeptical of any request to pay through a bitcoin ATM .
Legitimate businesses rarely, if ever, demand payment in bitcoin through a machine.
Data shows that nearly 74% of ATMs globally are managed by just 10 operators.
Most bitcoin ATMs, including Bitcoin Depot , only accept cash.
VR Score
69
Informative language
66
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52
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semi-formal
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English
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57
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