Crypto ATMs are the latest way to scam you
This metric is conservative, given that often the crimes go unrecorded because the victims don’t know how to report the crime or are too embarrassed about being duped.
It isn’t just the older cohort’s lack of digital savvy that has rendered them vulnerable to digital fraud. It’s the fact they have savings and are more likely to become victims of trust.
‘I would warn anybody who is asked to use one of these [crypto ATM] machines to send funds to someone to stop and think twice, as once your money is gone it is almost impossible for authorities to retrieve it.’
AUSTRAC chief Brendan Thomas
The allure of speculative investments like crypto clearly plays a part in attracting people to this type of asset. But according to an expert…
