'Probably a Scam': CFTC Issues Crypto ATM Warning After $388 Million Loss

utoday08-27

The U.S. Commodity Futures Trading Commission (CFTC) has issued an emergency "Pause Before You Pay" directive, officially identifying demands to transfer money through crypto ATMs as a major warning ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n'Probably a Scam': CFTC Issues Crypto ATM Warning After $388 Million Loss\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-08-27 15:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://u.today/probably-a-scam-cftc-issues-crypto-atm-warning-after-388-million-loss><strong>utoday</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The U.S. Commodity Futures Trading Commission (CFTC) has issued an emergency \"Pause Before You Pay\" directive, officially identifying demands to transfer money through crypto ATMs as a major warning ...</p>\n\n<a href=\"https://u.today/probably-a-scam-cftc-issues-crypto-atm-warning-after-388-million-loss\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IRS","symbol_name":"IRSA Inversiones y Representacio","start_time":0,"source_url":"https://u.today/probably-a-scam-cftc-issues-crypto-atm-warning-after-388-million-loss","article_id":"2662098081","we_media_id":null,"thumbnails":[],"rights":{"source":"utodaynews_highlight","url":"https://u.today/probably-a-scam-cftc-issues-crypto-atm-warning-after-388-million-loss","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2662098081","pubTimestamp":1787814000,"columns":[],"sourceInfo":{"source_id":"utodaynews_highlight","name":"u.today"},"weMediaInfo":null,"summary":"The U.S. Commodity Futures Trading Commission (CFTC) has issued an emergency\"Pause Before You Pay\" directive, officially identifying demands to transfer money through crypto ATMs as a major warning si","collect":0,"end_time":0,"defaultTopTitle":"u.today","property":[],"viewcount":null,"language":"en","relate_stocks":{"IRS":"IRSA Inversiones y Representacio","CRPT":"First Trust SkyBridge Crypto Industry and Digital Economy ETF","NCIQ":"HASHDEX NASDAQ CRYPTO INDEX US ETF","TEKX":"SPDR Galaxy Transformative Tech Accelerators ETF","DAPP":"VanEck Digital Transformation ETF","BKCH":"AdvisorShares Sabretooth ETF","BK4205":"房地产经营公司","BITQ":"Bitwise Crypto Industry Innovators ETF","BK4233":"房地产运营公司","BITW":"Bitwise 10 Crypto Index ETF","STCE":"Schwab Crypto Thematic ETF","DIME":"CoinShares Altcoins ETF","GDLC":"Grayscale CoinDesk Crypto 5 ETF","LFGY":"YieldMax Crypto Industry and Tech Portfolio Option Income ETF"},"translate_title":"“可能是骗局”：美国商品期货交易委员会在损失 3.88 亿美元后发出加密货币 ATM 警告","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BITW":0.84,"BKCH":0.84,"DAPP":0.84,"GDLC":0.9,"IRS":1,"BITQ":0.9,"LFGY":0.9,"STCE":0.9,"CRPT":0.84,"NCIQ":0.84,"DIME":0.9,"TEKX":0.9},"content_text":"The U.S. Commodity Futures Trading Commission (CFTC) has issued an emergency \"Pause Before You Pay\" directive, officially identifying demands to transfer money through crypto ATMs as a major warning sign of fraud.The regulator's stern warning was prompted by a prolonged infrastructure crisis this summer and FBI data showing that Americans' losses from such schemes surged 58% over the past year, exceeding $388 million.According to the agency, any instructions from someone claiming to represent a government agency or bank to use a public crypto terminal should now be unequivocally treated as \"Probably a Scam\" — a strong indicator of fraud.The official CFTC warning against crypto ATM fraudulent schemes. Source: CFTC via X.comHow the U.S. is getting rid of crypto ATMsOver the past several months, the U.S. market has seen a series of events critical to the industry that effectively led to the dismantling of the sector following the release of data on enormous losses:May: The largest U.S. operator, Bitcoin Depot, filed for bankruptcy and disconnected all 9,700 of its terminals after losing revenue amid mandatory user verification requirements.June: Authorities in Delaware and New Jersey passed strict laws targeting crypto ATMs, recognizing them as tools for transferring stolen funds.July: The global crypto ATM market shrank by nearly one-third, losing 10,836 machines, of which 10,380 were removed in the United States alone.August: Minnesota authorities introduced a total ban, ordering operators to remove all terminals from public places by the end of the year.Crypto ATMs became an ideal tool for criminals because of the way they work. Unlike the traditional banking system, where the movement of funds can be tracked and blocked, these terminals send money in only one direction. Scammers posing as employees of the Internal Revenue Service (IRS), banks, or the technical support departments of major technology companies use psychological pressure and create an artificial sense of urgency.Driven by fear, the victim withdraws cash, finds the nearest machine and scans a QR code provided by the criminals. The fiat money is instantly converted into cryptocurrency and sent to an anonymous wallet, after which a chargeback becomes technically impossible.As a final argument, the CFTC reiterates a basic international standard of financial hygiene — no legitimate government agency, bank or major corporation will ever demand that money be sent through a crypto ATM or via gift cards. Any mention of these payment methods during a conversation is a direct sign that the person on the other end of the line is a criminal.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.50.1","shortVersion":"4.50.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2662098081","isCrawlerRequest":true}