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Tasmania Hit by Crypto ATM Scams as Fraudsters Steal $1.64 Million

Tasmania Hit by Crypto ATM Scams as Fraudsters Steal $1.64 Million

Published:
2025-07-13 11:42:02
18
3
BTCCSquare news:

More than a dozen Tasmanian residents have fallen victim to cryptocurrency ATM scams, collectively losing approximately $1.64 million. One individual suffered a staggering $493,000 loss. The fraud coincides with rapid expansion of crypto ATM infrastructure nationwide.

Authorities report scammers are exploiting the relative novelty of crypto ATMs to deceive victims. Tasmania's isolated geography may compound the issue, with fewer opportunities for public education about digital asset security. No specific cryptocurrencies were named in the reported incidents.

|Square

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