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Bitcoin ATM Scams Surge in Australia as Machines Multiply
Bitcoin ATM Scams Surge in Australia as Machines Multiply
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Australia’s crypto landscape faces a new threat—scammers are exploiting the rapid rise of Bitcoin ATMs. With machines popping up faster than regulators can react, bad actors are cashing in on unsuspecting users.
How it works: Fraudsters impersonate support staff, pressure victims into depositing funds at ATMs, and vanish with the crypto—leaving behind ghost machines and empty wallets.
The irony? These scams flourish while traditional banks still treat crypto like a dirty word. Maybe they’re jealous of the 24/7 withdrawal capability.
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