1 metro Detroit community heard of one scam too many and wants bitcoin ATM crackdown

• Based on FBI data, the threat of scam-related losses involving cryptocurrency ATMs and kiosks has been growing with 10,956 complaints filed and $246.7 million in stolen money reported in 2024. • Critics want the crypto ATM industry to set limits on how much cash can be transferred through ATMs to someone else. • The Federal Trade Commission warns that some scammers are calling consumers claiming that they won big money or expensive cars — but, first, in order to claim the prize they must pay taxes. The scourge of...