Bitcoin ATM Operator Bitcoin Depot Files for Bankruptcy
Coindesk | The largest bitcoin ATM operator in North America, has filed for Chapter 11 bankruptcy. Bitcoin Depot has blamed state regulations and enforcement for making its business model unsustainable.
California Cracks Down on Crypto Kiosk Operators
CA.gov | California has taken action against multiple crypto kiosk operators for violations including excessive fees and exceeding the state’s $1,000 daily transaction limit.
The Global Effort Behind Prince Group’s $15B Forfeiture
TRM Blog | TRM breaks down the recent indictment of the chairman of Prince Holding Group for crimes related to the operation of forced-labor scam compounds across Cambodia.
Chairman of Prince Group Indicted for Operating Scam Compounds
US DOJ Press Release | Chairman of Prince Group indicted for operating Cambodian forced-labor compounds engaged in crypto scams. DOJ files forfeiture action against about $15 billion in Bitcoin.
Dad lured to Bitcoin ATM by scammer claiming to be son
ABC7 - KGO | The voice on the phone sounded like his son. He’d been arrested. An attorney directed him to pay a $15,000 bail at a nearby Bitcoin ATM. But it was a scam.
How scammers use crypto ATMs to launder millions from victims
CBC News | An investigation of the crypto ATM industry in Canada showed that the machines have become the main way scammers get money from fraud victims in Canada.
This Is Not Keanu: Inside Celebrity Impersonation Bitcoin Scam
The Hollywood Reporter | Victims think they’re talking to Keanu Reeves. Or Kevin Costner. Then come pleas for cash. The AI-fueled con that fleeces fans and has Hollywood fighting back.
What Are Common Crypto Scams?
National Cybersecurity Alliance | From fake bitcoin giveaways to romance scams and shady investment “opportunities,” crypto scams are exploding in popularity.
Bitcoin ATM Scam Hits Arizona Hard
Investigate TV | Arizona authorities are warning residents about a new wave of scams using Bitcoin ATMs that have already cost victims millions of dollars.