Bitcoin ATM scams are soaring — and older adults are increasingly the victims [MSNBC.com]
Bitcoin Depot Inc. - Class A (BTM)
Company Research
Source: MSNBC.com
Scammers have a number of ways to concoct a successful ruse. There are sometimes multiple fraudsters in on a given heist pretending to be employees of a government agency or business, including major tech firms like Microsoft or Apple, according to the FTC.A scam often begins when bad actors get their hands on a victim’s phone number — many of which are increasingly available on the “dark web,” the part of the internet that typical browsers and search engines can’t reach, like certain chatrooms, and that has helped enable illegal activity.Fraudsters will often contact victims claiming to flag an urgent problem with an account, sometimes through“They’re trying to create a situation that is really hard to ignore,” Fletcher said. “From there, people are convinced that the problem is actually extremely serious.”Indiana resident Marilyn LoCascio, 76, says she lost $31,500 to a fraud group that included people posing as an Apple tech support specialist, a bank representative and two govern
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BTM
News
- The bitcoin ATM has emerged as one of cryptocurrency's biggest threats [CNBC]CNBC
- Bitcoin ATM Scam Losses Increased 10x in Just Three Years [Yahoo! Finance]Yahoo! Finance
- Bitcoin ATM scams are soaring — and older adults are increasingly the victims [CNBC]CNBC
- Australia Leads the World in Crypto ATM Growth as Kiosks Pour in [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Bitcoin Depot Second Quarter 2024 Earnings: EPS: US$0.66 (vs US$1.02 loss in 2Q 2023) [Yahoo! Finance]Yahoo! Finance
BTM
Earnings
- 11/13/23 - Miss
BTM
Sec Filings
- 9/23/24 - Form 4
- 9/23/24 - Form 3
- 9/23/24 - Form SC
- BTM's page on the SEC website