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flag Bitcoin ATM scams caused nearly $250 million in losses in 2024, targeting seniors with fake warrants and fines.

flag Bitcoin ATM scams surged in 2024, with the FBI reporting nearly $250 million in losses—more than double the prior year—as scammers trick victims, especially seniors, into depositing cash for fake warrants, fines, or emergency funds. flag Using remote guidance and QR codes, fraudsters exploit the speed and anonymity of cryptocurrency transactions, often targeting people in convenience stores and gas stations. flag Despite growing state-level regulations, including transaction limits and holding periods, enforcement varies, and recovery remains difficult. flag Experts and consumer groups warn that no legitimate agency will demand payment via Bitcoin ATM and urge vigilance and reporting.

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