Tasmania Police Target Crypto ATM Scams in Crackdown

The Australian island state of Tasmania has become the latest to join a country-wide crackdown on crypto ATM scammers.

Tasmania Police Cyber Investigations said on Friday that it found the top 15 users of crypto ATMs in the state were all victims of scams, with combined losses of 2.5 million Australian dollars ($1.6 million). Over a third, around $592,000, was deposited into crypto ATMs.

The announcement comes just weeks after Australian Federal Police and Australia’s financial intelligence agency, AUSTRAC, said they were leading a national enforcement operation to clamp down on criminal use of crypto ATMs.

Victims pressured to use crypto ATMs by scammers

Detective Sergeant Paul Turner of the Tasmanian police said that during the…

Source link