The increasing prevalence of Bitcoin ATMs is raising alarms as scammers exploit these kiosks to target unsuspecting victims. Reports indicate that many individuals, including a woman from Bucks County, are falling prey to schemes that involve substantial financial losses through these machines. Critics are questioning why Canada has not implemented stricter regulations on crypto ATMs, especially since peer countries are actively tightening their rules to combat fraud. Localcoin has launched a Fraud Information Hub aiming to educate the public about the risks associated with these scams. While some victims report recovering a portion of their losses, officials warn that the recovery process is challenging as scammers continue to use crypto ATMs to launder money. Investigations reveal alarming statistics, with millions lost across the U.S., leading to calls for better oversight and protective measures.