The New York Times | Crypto is gaining mainstream acceptance. But at least $28 billion tied to illicit activity has moved into crypto exchanges over the last two years alone.

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.

Truth Be Told | Sarasota, Florida detectives uncovered a national crime ring. It was all part of an $80 million scam operation orchestrated from within prisons in nearby Georgia.

WCSC Live 5 News | Crypto ATM kiosks allow people to put cash into the machine and receive some kind of cryptocurrency. But they’re used for fraud 99.5% of the time.

National Cybersecurity Alliance | From fake bitcoin giveaways to romance scams and shady investment “opportunities,” crypto scams are exploding in popularity.

Wired | Last month, Telegram banned black markets that sold tens of billions of dollars in crypto-scam-related services. Now, as those markets rebrand and bounce back, it’s done nothing to stop them.

FBI | The annual IC3 report includes data from 859,532 complaints of suspected internet crime and details reported losses of $16+ billion — a 33% increase over 2023.

WIRED | A Chainalysis report finds that stablecoins, tied to the value of the US dollar, were used in the majority of crypto-based scam transactions and sanctions evasion in 2023.