Bitcoin ATM Fraud to be Solved Through Market Structure: US Senator

U.S. Senator Cynthia Lummis of Wyoming has raised concerns about the growing incidents of Bitcoin ATM fraud. She tweeted her response to a new report from The Cowboy Daily’s X handle that showed a worrying increase in crypto ATM fraud in her state. Over 50 such incidents were reported in Cheyenne alone, the capital of Lummis’s state, totaling around $645,000. Overall, the FBI reports that there were over 11,000 incidents of fraud nationwide in 2024.