July 25, 2026, 5:08 a.m. ET
- In the last year alone, Massachusetts residents have lost nearly $7 million to crypto ATM scams, according to AARP.
- MA Senate passed legislation to ban crypto ATM kiosks in Massachusetts as part of their economic development bill.
- Virtual currency kiosks, or crypto ATMs, are physical kiosks that allow you to buy and sell cryptocurrencies like Bitcoin using cash.
In 2022, a Maynard woman almost lost $10,000 to Bitcoin scammers through a crypto ATM. In 2025, police saved a woman from losing $20,000 in another Bitcoin ATM scam in Lakeville.
In these cases, the victims had been contacted by scammers posing as authority figures who invented emergencies and told them to immediately send money through a crypto ATM….
