CANBERRA, ACT, June 3 -- Australian Federal Police issued the following media release:
The AFP has warned against the rise of scams involving cryptocurrency ATMs, as new data reveals the loss of more than $3 million in a 12-month period. And this figure may be just the tip of the iceberg.
From 1 January, 2024 to 1 January, 2025, ReportCyber - Australia's online cybercrime reporting system operated by the Australian Cyber Security Centre (ACSC) - received 150 unique reports of scams involving crypto ATMs, with an estimated loss of $3,107,600.
This equates to one report every two and a half days, each with an average loss of more than $20,000.
Of the 150 incidents, the top three associated crime types were investment scams (63), extortion...