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Australia, Tasmania police warn about crypto ATMs, say major users are scam victims

Summary by BinBits
Tasmania, an island state of Australia, has raised alarm about the usage of crypto ATMs for fraud. In a Friday statement, Tasmania Police Cyber Investigation disclosed that the top 15 users of crypto ATMs within its region are all victims of scams. The police said the sufferers had lost about 2.5 million Australian dollars ($1.6 million) to fraudsters. Accordingly, over a third of the funds, about $592,000, were deposited into crypto ATMs.  The …
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BinBits broke the news in on Tuesday, July 15, 2025.
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