Why crypto ATMs are a scammer’s best friend - ABC News Daily
Update: 2025-11-09
Description
We want to hear from you! Please complete our survey: 2025 ABC News Daily Audience Survey
You may have noticed a crypto ATM in the corner of a shopping centre or in a convenience store.
There are thousands of them, tapping into investor’s interest around booming markets for bitcoin and other cryptocurrencies.
But increasingly crypto ATMs are being used by criminals to launder money and to scam Australians out of millions of dollars.
Today, business reporter Rhiana Whitson on why feeding cash into a crypto ATM can be so risky and why there’s so little regulation of the market.
Featured:
Rhiana Whitson, ABC business reporter
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
