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Anas Hassan

Arizona Attorney General Sounds Alarm as Crypto ATM Fraud Hits $177 Million in 2024

On Monday, Arizona Attorney General Kris Mayes issued a statewide alert after residents lost more than $177 million to crypto ATM scams in 2024, and her office rolled out a new complaint form for victims to report losses within 30 days. The warning coincides with a wider U.S. and international crackdown on crypto kiosks, including state-level transaction caps, lawsuits against major operators, proposed federal rules, outright bans in some regions, and ongoing enforcement actions against firms such as Athena Bitcoin, Crypto Dispensers, Coinme, and Bitcoin Bancorp's expansion plans.
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