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đȘ A sharp increase in fraud involving crypto ATMs is being observed in the US
đșđž Democratic Senators, led by Dick Durbin, have sent letters to the heads of companies that own crypto ATMs in the US, including Bitcoin Depot and CoinFlip, asking questions about measures being taken to reduce fraud risks.
âïž The politicians are particularly interested in whether transaction limits are in place, whether users are informed of the risks, and whether the companies offer insurance for victims of fraud.
âĄïž According to the Federal Trade Commission (FTC), losses related to crypto ATM fraud in just the first two quarters of 2023 amounted to $65 million.
âĄïžThe average loss from such crimes was $10,000, with the elderly being the most vulnerable group.
#BTCâ #USDTfree #scamriskwarning #atm
đșđž Democratic Senators, led by Dick Durbin, have sent letters to the heads of companies that own crypto ATMs in the US, including Bitcoin Depot and CoinFlip, asking questions about measures being taken to reduce fraud risks.
âïž The politicians are particularly interested in whether transaction limits are in place, whether users are informed of the risks, and whether the companies offer insurance for victims of fraud.
âĄïž According to the Federal Trade Commission (FTC), losses related to crypto ATM fraud in just the first two quarters of 2023 amounted to $65 million.
âĄïžThe average loss from such crimes was $10,000, with the elderly being the most vulnerable group.
#BTCâ #USDTfree #scamriskwarning #atm
