INSUBCONTINENT EXCLUSIVE:
Australian federal police said it has contacted over 90 Australians as part of a crackdown on criminal use of crypto ATMs, including pig
week.Crypto ATMs, such as this one pictured in a Sydney shopping center, are being used by scammers to dupe victims, according to Australian
Source: Coin ATM RadarFor her first transaction, the scammer reportedly talked her through the process, which involved withdrawing money
from a regular ATM and then feeding it through a Bitcoin ATM
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Australian police targeted the top users of crypto ATMs who were identified as being at high risk of being used for illicit activity or scam
illicit, but disturbingly, our law enforcement partners found that almost all of the transactions we referred involved victims rather than
ATMs in the world, with 1,871 at last count
Source: Coin ATM RadarHowever, some suspected mules were scam victims who either unwittingly assisted criminals or knowingly transferred
funds to recover their stolen money
rules and transaction limits for crypto ATM operators on June 3 to combat scams
statement that scam victims are being manipulated into feeding thousands of dollars into crypto ATMs through fake promises of love,
guaranteed quick profits, if there is a high-pressure deadline or sense of urgency, and if you have never met the person before, cease
scams involving crypto ATMs between January 2024 and January 2025, according to the AFP, with losses exceeding AU$3.1 million ($2
