According to ChainCatcher, the Federal Trade Commission (FTC) released data showing that consumers' financial losses in Bitcoin ATM fraud have increased dramatically. Since 2020, the amount of losses has increased nearly tenfold.

The latest data released by the FTC focuses on the fact that Bitcoin ATM fraud caused more than $65 million in fraud losses in the first six months of 2024 alone. What is particularly striking is that the risk of seniors over 60 years old being harmed by these scams is more than three times that of younger adults. From a full-year perspective, the average loss reported by consumers in the first half of this year was as high as $10,000.