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Crypto kiosks in Minnesota spark fraud alarm

Crypto kiosks in Minnesota spark fraud alarm

Minnesota lawmakers are pushing to ban crypto kiosks due to fraud concerns.

Crypto kiosks fraud issues

Behind the scam:

The fake investigation into fraudulent activity on David Richter’s bank account was very convincing.

“He gave me the case ID, he gave a reference number,” the Elk River retiree said of the crook he’d called in October 2024 because of a popup warning on his computer.

Scammers were sophisticated enough to assume the names of real bank employees and federal investigators.

And they needed Richter to fix the problem confidentially with cryptocurrency.

“They wanted me to take money out of my account to deposit into the kiosk machine,” he said.

Who’s being targeted?:

Richter has an…

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