Crypto ATM scams surge in Arizona with $177M lost last year

Crypto ATM scams surge in Arizona with $177M lost last year

PHOENIX (KVOA) - Attorney General Kris Mayes has issued a warning to Arizonans about the increasing threat of cryptocurrency ATM scams. To combat this, she has launched a new fraud

Arizona Sounds Alarm: $177M Lost in Crypto ATM Scams

Crypto scams are increasingly using Arizona’s network of about 600 cryptocurrency ATMs to target victims, especially older residents.

Arizona AG Warns of Surge in Crypto ATM Scams

Arizona warns of rising crypto ATM scams after residents lost over $177M in 2024. FBI data shows crypto ATM fraud complaints surged 99%, with seniors most affected. New Arizona laws cap crypto ATM transfers and allow recovery if scams are reported fast. Arizona Attorney General Kris Mayes has issued a statewide warning over a surge in crypto ATM scam activity, as her office launches a new fraud complaint form aimed at improving recovery chances …

Arizona warns as crypto ATM scams drain millions from residents

Arizona officials are escalating warnings as cryptocurrency ATM scams accelerate across the state, targeting consumers with urgent payment demands and causing significant financial losses. Attorney General Kris Mayes stated that Arizonans lost more than $177 million to crypto ATM-related fraud in 2024 alone. State authorities say the scams are designed to disproportionately target the elderly and have relied on pressure tactics to pressure the v…

Arizona Launches Fraud Reporting Tool As Crypto ATM Scams Devastate Elderly Population

Arizona Attorney General has issued an urgent warning as cryptocurrency ATM scams targeting older adults reach unprecedented levels, prompting the state to launch a comprehensive fraud reporting system designed to combat the surge in losses affecting this vulnerable demographic. The warning comes at a critical time when crypto-related fraud has evolved into one of the most devastating financial crimes targeting senior citizens. The scope of this…

Arizona Attorney General Issues Warning as Crypto ATM Scams Hit Older Adults

Arizona has launched a fraud reporting tool as crypto ATM scams surge and losses mount, especially among older consumers.