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TronWeekly

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Crypto ATM Scams Cost 15 Tasmanians 2.5 Million, Police Warns

  • Tasmanian security officials warn citizens about the rise in crypto ATM scams, with some victims losing $2.5 million.
  • Scams operate as fake investment opportunities, job offers, and government positions, manipulating victims to invest in non-existent ventures.
  • Detective Paul Turner highlights the tactics used, emphasizing the urgency to deposit cash into crypto ATMs as a red flag for potential scams.
  • While Tasmania raises awareness, countries like Singapore and New Zealand have banned crypto ATM operations to combat money laundering and terrorism.

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