FTC warns public about new crypto ATM scam

The U.S. Federal Trade Commission (FTC) has issued a warning about a new version of a scam involving cryptocurrencies. The scam has three key components, an impostor, a QR code and an encrypted ATM through which victims will be directed to send funds. Additionally, a cryptocurrency crime report revealed that in 2021, $7.7 billion worth of cryptocurrencies will be stolen globally. Compared to 2020, this number has increased by 81%.