Seven Democratic US Senators have sent letters to ten of the country’s biggest Bitcoin ATM operators urging them to address fraud against elderly Americans.
A group of United States Senate Democrats led by Majority Whip and Senate Judiciary Committee Chair Dick Durbin has urged 10 of the country’s largest crypto ATM operators to immediately tackle fraud and protect elderly Americans.
In a Sept. 12 statement, seven Democratic Senators, including Elizabeth Warren, cited Federal Trade Commission data noting that fraud losses from Bitcoin ATMs (BTMs) reached $65 million in the first half of this year.
“Criminals are targeting elderly Americans, with people age 60 and older more than three times as likely to report a loss using a BTM than younger adults,” the Senators said.
