Australian Police Bust Crypto ATM Scams

Australian federal police, in a crackdown on illicit crypto ATM use, have identified over 90 individuals, including victims and suspected offenders. A prominent case involved a 77-year-old widow who lost $281,000 in a romance scam, forced to frequently feed cash into Bitcoin ATMs. AUSTRAC, Australia’s financial intelligence agency, noted that surprisingly, most targeted transactions involved victims rather than criminals, highlighting the widespread manipulation by scammers.