Crypto ATM fraud losses reached US$333 million within the first 11 months of 2025, with over 12,000 complaints filed with the FBI, a 33% year-over-year improve. AI-enabled scams proved 4.5 instances extra worthwhile than conventional strategies, with criminals deploying real-time deepfakes and hyper-personalised social engineering to focus on victims, 85%Continue Reading
Australia’s Dwelling Affairs Minister introduced plans to limit or ban crypto ATMs, labeling them a “high-risk product” tied to cash laundering and scams. The measure is a part of a broader package deal to increase federal powers, which might grant AUSTRAC’s CEO the authority to ban designated high-risk merchandise likeContinue Reading
FinCEN has alerted banks about the increasing criminal use of cryptocurrency ATMs (CVC kiosks) in scams and drug trafficking. Scammers trick victims into converting money into crypto via kiosks, exploiting transaction anonymity and speed. Regulatory non-compliance by kiosk operators leaves gaps that transnational crime networks are exploiting. The US Treasury’sContinue Reading
