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When the family was scammed from $ 25,000 on a Bitcoin atm In Texas, agents of the right to enforce the rights.
Detectives used electric tools to penetrate the machine and restore physical cash inside – with a total of $ 31,900.
Although the victims of fraud should certainly be woven, it feels that Peter will rob to pay Paul. Such an act does not bring Scammer responsible for justice – it damages only the owner of a small company that owns the machine.
However, stories like this are illustrating the intervention of bitcoin ATMs that are just taking place throughout America.
Spokane in Washington State actually forbid them completely Instead, other states and cities propose laws that would make it difficult for fraudsters to discharge life saving of impressive consumers.
In Illinois, any transfer of cash to the crypto facilitated through these ATMs would have to take note of the address where the funds were sent. Theoretically, this could help detectives to monitor fraudsters later, but it is likely that many seasoned criminals will use their tracks to cover their tracks.
Perhaps a more sensible proposal comes from Vermont, which has passed a law that it imposes on bitcoin ATMs daily transaction limits of $ 1,000. This would go a long way to limit the amount of victims.
Meanwhile, like Nebraska, they moved to the License of Bankomal operators. Not only does it mean that they need to provide quarterly reports with transaction data, but the fees are limited to 18%to avoid the torn of moving consumers.
Rising
The Federal Commercial Commission clarified its views on bitcoin ATMs – described them as a “payment portal for fraudsters”.
Official data show that the losses of fraud from these machines reached $ 12 million in 2020 and by 2023 almost tenfold at $ 114 million. Incomplete numbers showed that the losses reached $ 66 million in the first six months of 2024, indicating that it was set up as another record year.
FTC Research also casts light on how attracted the victims, how much they lose, and who tends to be the most vulnerable. Faters often try to impersonate government and businesses or pretend to be out of technical support. Medium losses are “exceptionally high” $ 10,000, with the government body adding:
“In the first half of the year, people were 60 and more than three times more often than younger adults to report a BTM loss. In fact, more than two out of three dollars of reported lost frauds using these machines lost an older adult.”
In other words, there are more victims over 60 than in all other age groups together.
Lawmakers in the US Senate are also trying to build on the tightening of the laws that are stated at the state and local levels – – – He led Senator Illinois Dick Durbin.
Introduced the law on preventing fraud with fraud in cryptation, This would bring literary measures to protection of the public-and at the same time it attempts to reduce the inconvenience for users who follow laws.
New users would prevent more than $ 2,000 a day on one of these machines and increased to $ 10,000 in 14 days. Operators would also have to have a detailed conversation whenever the new user attempts to complete a transaction with a value of over $ 500. However, it is important, but they should also return if the police report was submitted within 30 days.
Reading between lines, it is an account that gives at ATM operators to watch what is happening in their stores – and hits if something looks suspicious.
The lessons are ticking to sign the law on the prevention of fraud with cryptomin. Durbin confirmed that he would not try to re -election in the middle of 2026, with the 80 -year -old Democrat resigning for decades of service.
Durbin also offered a amendment when Genius Act He wound through the Senate and warned:
“There’s enough. I urgently ask my colleagues on both sides of the aisle: Listen to the people you represent, especially seniors who are losing their life savings to these fraud, and realize that with 30,000 cryptoogues across the country will become more and more.”
It remains to be determined whether some efforts to prevent cryptom’s loss would change. As the price of bitcoins increases, And it flirts with historical maximums, a larger number of opportunist fraudsters will take the opportunity to strike.
Contribution Why the US connects at bitcoin ATMs He appeared for the first time Cryptonews.
