2026-01-11 04:23:21

Latest data from US law enforcement agencies reveal a concerning trend. In the first half of 2025, crypto ATM scams caused economic losses of up to $240 million for US users, nearly double the amount from the same period last year. Scam methods include false prompts, device tampering, and guiding users to transfer funds to scam wallets. Spokane, Washington has taken the lead by banning the installation and operation of crypto ATMs nationwide. This decision reflects local government emphasis on consumer protection and also serves as a reminder for users to stay vigilant before using any crypto trading tools. Experts recommend choosing legitimate licensed exchanges for trading rather than relying on street-side ATMs as an effective way to reduce risk.

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gas_fee_therapy

· 01-11 04:53

Street-side ATMs are already a scam; I believe in 240 million. They should have been banned long ago.

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FromMinerToFarmer

· 01-11 04:53

$240 million, how many people does that fool... Don't really use street ATMs, my friend almost got caught.

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WalletDetective

· 01-11 04:50

Street-side ATMs are really a hotbed of scams, $240 million just disappeared like that... I think it's better to honestly use legitimate exchanges.

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InscriptionGriller

· 01-11 04:47

Hmm... It's the same old story. Street-side ATMs are just cash cow harvesters. Lost $240 million? Serves you right. Who the hell still believes in that stuff?

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