Crypto ATMs Used in Scams Resulting in Millions Lost Each Year

Crypto ATMs have become a convenient way for people to buy and sell cryptocurrencies, but they can also be used as a tool for scammers. According to reports, hundreds of millions of dollars are lost each year due to scams at these machines.

Recently, San Antonio police and the U.S. Secret Service put up posters warning of cryptocurrency scams at dozens of crypto ATM locations in an effort to raise awareness about the issue.