Authorities Crack Down on Crypto ATM Crime Nationwide
Police have contacted more than 90 Australians, including scam victims and suspected offenders, as part of a crackdown on the criminal use of cryptocurrency ATMs.
Cryptocurrency ATMs look like regular ATMs but allow users to convert cash into cryptocurrency and send it quickly and easily. There were just 23 operating across Australia in 2019, but there are now more than 1800.
Investigators reached out to the top users of cryptocurrency ATMs which AUSTRAC identified as being at high risk of being used for illicit activity or scam victimisation, in New South Wales, the Northern Territory, Queensland, South Australia, the Australian Capital Territory, Western Australia and Tasmania.
NSW Police Force led the operation, with support from…
