<ul><li>Crypto ATM scams in Australia have led to over AUD 3.1 million in losses, with an average victim losing more than AUD 20,000.</li><li>Reports filed with ReportCyber show a surge in scams related to the rise of crypto ATMs in Australia, from 40 machines in 2022 to over 1,800 by 2025.</li><li>Authorities warn of increased exploitation risks as the number of crypto ATMs grows, with over 150 scam reports filed and an average loss of AUD 20,000 per incident.</li><li>Scammers exploit vulnerabilities of older demographics, urging for greater public awareness and regulatory interventions to curb fraudulent activities linked to cryptocurrency ATMs.</li></ul>

Crypto ATM scams in Australia cause over AUD 3.1 million in losses

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