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Treasury Issues Urgent Bitcoin ATM Scam Alert After 7M in Victim Losses

Treasury Issues Urgent Bitcoin ATM Scam Alert After $247M in Victim Losses

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The U.S. Treasury’s Financial Crimes Enforcement Network issued an urgent notice on August 4, warning financial institutions about cryptocurrency kiosk fraud after victims lost $247 million through Bitcoin ATM scams in recent years. FinCEN Director Andrea Gacki emphasized in a press release that “criminals are relentless in their efforts to steal money from victims” while […]

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Washington’s Spokane City Bans Bitcoin ATMs, 11,000 Scam Complaints Received in 2024

The city of Spokane in the US state of Washington has banned crypto kiosks within city limits. The Spokane City Council has directed existing crypto ATM operators to remove dozens of machines found in convenience stores and gas stations. The Council, on Monday, voted unanimously on an ordinance that eliminates and prohibits crypto ATMs located