(KNSI) – Local law enforcement and financial leaders are sounding the alarm about cryptocurrency kiosks, saying they’ve become the latest tool used by scammers to steal money from residents, particularly seniors.

Sartell Police Chief Brandon Silgjord and Jed Meyer, CEO of St. Cloud Financial Credit Union, say once the money is gone, there is virtually no way to get it back. “They use these crypto kiosks because the money is essentially untraceable and we are not able to get the refund back for them. Even if we’re contacted right away, it’s put into a digital wallet, transferred multiple times and it’s gone,” explained Chief Silgjord while speaking with KNSI.

The kiosks look like ordinary ATMs and sit in gas stations…