How Fraudsters Use Cryptocurrency A.T.M.s to Target Victims

The New York Times - TechnologyMonday, November 17, 2025 at 5:01:20 AM
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How Fraudsters Use Cryptocurrency A.T.M.s to Target Victims
Cryptocurrency ATMs, which convert cash into virtual currencies, are increasingly being scrutinized as tools for scammers. These kiosks resemble traditional ATMs and are available in over 28,000 locations across the United States, according to data from the Treasury Department. The rise in fraudulent activities linked to these machines has raised concerns among regulators and law enforcement agencies, particularly in areas like Miami, where their presence is notable.
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