U.S. CFTC warns of risks tied to crypto ATMs

The U.S. Commodity Futures Trading Commission warned about the risks of using crypto ATMs, with key concerns including the irreversible nature of transactions and the potential to conceal counterparties’ identities, according to Crypto Briefing. The CFTC said crypto ATMs are spreading quietly across gas stations, convenience stores and shopping malls nationwide in the U.S. Separately, losses from scams involving crypto ATMs nearly doubled in just one year, according to FBI data.