Crypto ATMs Fuel $3 Million Scam Epidemic Across Australia—Older Aussies Hit Hardest
Cryptocurrency ATMs, which let people turn cash into digital currencies like Bitcoin, are now found in everyday places across Australia—petrol stations, convenience stores, and even takeaway shops. But while these machines seem harmless, they have become tools for scammers and criminals to steal millions of dollars from Australians, especially older people.
Millions Lost and Older Australians Targeted
Over the past 12 months, Australians have reported losing $3 million to scams involving crypto ATMs. According to the Australian Cyber Security Centre, the most common scams are fake investments, threatening emails, and online romance traps. These scams mostly affect women over the age of 51.
One particularly tragic case involved an…
