Overview
- Treasury cites FBI data showing more than 10,900 complaints tied to crypto ATM scams in 2024 with reported losses of about $246.7 million.
- Scammers often instruct victims to deposit cash at kiosks and send cryptocurrency to attacker‑controlled wallets through impersonation or investment schemes.
- Older individuals are singled out as disproportionately targeted due to pressure tactics that exploit urgency and limited on‑site oversight.
- Mixers, decentralized finance platforms and cross‑chain bridges are identified as laundering channels that can obscure transaction trails.
- The agency reviewed over 220 public comments and recommends a technology‑neutral compliance posture, highlighting AI, blockchain analytics, digital identity solutions and APIs as tools for AML and counter‑terrorism financing.