More Than $3 Million Lost to Rising Cryptocurrency ATM Scams in Australia

An abstract representation of a cryptocurrency ATM with digital elements and warning symbols, in a dark colour scheme.

Australia sees a surge in ATM-based cryptocurrency scams, with estimates of losses reaching over $3 million in one year. Police warn that reporting may not reflect the actual scale of the scams as many victims may be unaware or embarrassed to come forward. Authorities are taking action to combat the problem.

In a shocking trend, Australian authorities are reporting a steep rise in cryptocurrency ATM scams, with more than $3 million lost in just a year. According to data released, the Australian Federal Police have received 150 reports of such scams from January 1, 2024, to January 1, 2025. These frightening figures suggest this might not be the full extent of the issue.

Tag AUSTRACK AUSTRALIA AUSTRALIAN CYBER SECURITY CENTRE BITCOIN CRYPTO ATM TASKFORCE CRYPTOCURRENCY CUBA FEDERAL POLICE FINANCE FRAUD JOINT POLICING CYBERCRIME COORDINATION CENTRE NORTH AMERICA OCEANIA

Amina Khan

Amina Khan is a skilled journalist and editor known for her engaging narratives and robust reporting on health and education. Growing up in Karachi, she studied at the Lahore School of Economics before embarking on her career in journalism. Amina has worked with various international news agencies and has published numerous impactful pieces, making contributions to public discourse and advocating for positive change in her community.

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