Crypto ATM Scams Cost Wyoming Residents Over $4.6 Million, Lawmakers Propose New Protections
What Happened Cryptocurrency ATMs across Wyoming have become a major tool for scammers, with residents losing more than $4.6 million in fraud cases in the state’s three largest cities alone. The actual losses are likely higher, as many incidents go unreported. These machines, which allow users to buy and transfer cryptocurrency instantly, have become the preferred method for con artists to steal money from victims. Once funds are deposited into a scammer’s crypto wallet, the money can be split and moved through dozens of accounts within seconds, making recovery nearly impossible. ...