[HN Gopher] Americans are losing millions to scammers at crypto ...
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       Americans are losing millions to scammers at crypto ATMs
        
       Author : thelastgallon
       Score  : 19 points
       Date   : 2025-10-14 19:13 UTC (3 hours ago)
        
 (HTM) web link (www.cnn.com)
 (TXT) w3m dump (www.cnn.com)
        
       | tantalor wrote:
       | > they often fail to refund money to victims and aggressively
       | fight police to claw back scam money seized from machines
       | 
       | Why don't we just call these companies what they are, banks, and
       | require them to follow the same "know your customer" laws that
       | other banks do.
        
       | standeven wrote:
       | What would be a legit reason to use these ATMs? A 24% exchange
       | rate loss plus a service fee seems like it would discourage most
       | honest users.
        
         | Nasrudith wrote:
         | Lack of access to banking or familiarity with cryptocurrency
         | mechanics? If it is the only thing they know how to use and are
         | scammed into using it, guess what they are going to use?
         | 
         | Which is in itself pretty damning.
        
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       (page generated 2025-10-14 23:02 UTC)