“Once your money is gone, it’s gone forever”: Police crackdown on crypto ATM scams as Aussies lose millions
Police have contacted more than 90 Australians — including scam victims and suspected offenders — in a sweeping nationwide operation targeting the criminal misuse of cryptocurrency ATMs, which are increasingly being exploited by scammers and organised crime syndicates.
Cryptocurrency ATMs, which allow users to convert cash into digital currencies, have grown from just 23 machines in 2019 to more than 1,800 across Australia. Authorities say this surge has made it easier for overseas criminals to receive illicit funds from scam victims, especially those targeted in romance and investment schemes.
The crackdown, led by the NSW…
