Overview
- Attorney General Kris Mayes warned that being told to use a cryptocurrency ATM is a strong sign of a scam.
- Victims must report within 30 days via the attorney general’s online form to retain eligibility for reimbursement, and they should save the receipt and call the phone number on the machine.
- Hundreds of crypto kiosks operate across Arizona, with reporting estimating roughly 600 statewide and large losses recorded last year.
- Scammers have shifted from prepaid card schemes to directing targets to crypto ATMs, and experts stress no legitimate entity will require payment through a kiosk.
- A lawsuit against a major operator alleges 93% of deposits came from scam victims, raising concerns about operator practices and consumer protections.