Arizona Attorney General Kris Mayes is sounding the alarm on the rising threat of cryptocurrency ATM scams.
"My message to Arizonans is this: Be careful around the physical cryptocurrency ATMs we're seeing pop up around the state," Mayes said in press release. "If you're being directed to use one, there's a very very high chance you're being scammed."
Mayes is trying to address the schemes by urging Arizonans to report their case within 30 days using a new fraud complaint form.
“Crypto kiosks” are the latest fad among scammers due to their lax user protections and hard-to-trace transactions.
There are roughly 600 of these ATMs throughout the state. In 2024, Arizonans lost over $170 million in savings to crypto fraud.
Older adults are increasingly the primary targets, with nearly two-thirds of all cases nationwide involving adults over 60, according to an FBI report.
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