CNBC: Bitcoin ATMs have become one of the biggest threats facing cryptocurrencies

According to CNBC, as the number of Bitcoin ATMs rapidly increases in the United States, some experts believe it has exacerbated cybercrime threats. Timothy Bates, a professor of cybersecurity at the University of Michigan's School of Innovation and Technology, said, "Clearly, these machines are particularly vulnerable to physical and cyber threats, making them prime targets for hackers and thieves." Data shows that nearly 74% of global ATMs are managed by 10 operators. Brandon Mintz, CEO of Bitcoin ATM operator Bitcoin Depot stated that their machines are designed to prevent hacker attacks. He also mentioned that Bitcoin Depot does not store any bitcoins locally on its bitcoin ATMs and the company has multiple layers of verification and approval processes to prevent unauthorized access to Bitcoin Depot's wallet. Furthermore, Mintz pointed out that most bitcoin ATMs (including those from Bitcoin Depot) only accept cash which eliminates criminals' ability to use card readers on traditional cash ATMs.