Law enforcement authorities are proactively seeking out and closing Bitcoin ATMs that are frequently involved in extortion and scams.
More than 600 Bitcoin (BTC) ATMs went offline globally in the first two months of Q3 2024, with the United States recording the most shutdowns. This comes at a time when law enforcement authorities are proactively seeking out and closing Bitcoin ATMs that are frequently involved in extortion and scams.
According to data from Coin ATM Radar, the global Bitcoin ATM network lost 435 and 182 machines in July and August. The US contributed the highest to the statistics by reporting a reduction of 411 and 258 ATMs during the timeframe.
Global Bitcoin ATM network lost 435 machines in July.
Source: Coin ATM Radar
