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#crypto ATM fraud

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US Moves to Seize $456K in Crypto Allegedly Tied to Dating Site and Facebook Scams
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US Moves to Seize $456K in Crypto Allegedly Tied to Dating Site and Facebook Scams

Key Highlights: Federal authorities and the FBI report that cryptocurrency scams often begin as romance or confidence schemes that lure victims into fraudulent platforms using fake gains before demanding bogus fees and taxes. Recent legal maneuvers include major forfeiture filings, such as a July push targeting more than $25 million in illicit crypto assets and ...

California Orders $4.8 Million Payout to Victims of Bitcoin ATM Scams
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California Orders $4.8 Million Payout to Victims of Bitcoin ATM Scams

Key Highlights: California regulators cited Coinflip for multiple kiosk violations, including exceeding daily transaction limits and failing to provide required consumer disclosures. Older adults and scam victims face disproportionate risks from crypto kiosks, which fraudsters frequently exploit through tech support, business, and government impersonation schemes. State authorities across the nation, including Arizona, Alabama, and Ohio, ...