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Arizona AG Warns of Surge in Crypto ATM Scams


Arizona AG Warns of Surge in Crypto ATM Scams

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  • Arizona warns of rising crypto ATM scams after residents lost over $177M in 2024.
  • FBI data shows crypto ATM fraud complaints surged 99%, with seniors most affected.
  • New Arizona laws cap crypto ATM transfers and allow recovery if scams are reported fast.

Arizona Attorney General Kris Mayes has issued a statewide warning over a surge in crypto ATM scam activity, as her office launches a new fraud complaint form aimed at improving recovery chances for victims who report losses quickly.

The alert follows a rise in reported cryptocurrency ATM scam losses across Arizona. According to the Attorney General’s Office, residents lost more than $177 million in 2024 after being directed to deposit cash into cryptocurrency kiosks controlled by fraudsters. Older adults accounted for a large share of the reported cases.

Cryptocurrency ATM Scam Losses Rise Across Arizona

Ma…

Read The Full Article Arizona AG Warns of Surge in Crypto ATM Scams On Coin Edition.

Read the article at CoinEdition

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