Authorities crack down on cryptocurrency ATM scams

A consumer alert highlights efforts to address scams involving cryptocurrency ATMs. The report focuses on protecting users from fraudulent schemes in this emerging technology space.

Colorado Springs woman loses $37,000 in crypto scam

October 08, 2025 An Ruwaito ta hanyar AI

A stay-at-home mom in Colorado Springs fell victim to a cryptocurrency investment scam, losing her entire $37,000 inheritance from her late father. The scheme began through a hacked Facebook account of a friend, leading her to deposit funds via a Bitcoin ATM. Despite initial appearances of legitimacy, she received no returns and now warns others about the risks.

Amazon buyer gets brick instead of RTX 5080 graphics card

A customer who ordered a high-end Nvidia GeForce RTX 5080 graphics card from Amazon was shocked to receive a brick in the package. The incident highlights risks of commingling scams on the platform, where fraudulent returns mix with legitimate inventory.

Fraudsters use crypto ATMs to launder millions from Canadian victims

October 07, 2025 An Ruwaito ta hanyar AI

A CBC News investigation has uncovered how cryptocurrency ATMs in Canada are being exploited by scammers to extract and launder money from victims nationwide. These machines, legal and widespread, allow quick conversion of cash to crypto that can be sent globally. Victims like a Calgary retiree have lost thousands, highlighting vulnerabilities in the system.