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ROANOKE, Va. (WDBJ) – You’ve probably walked right past a “crypto ATM” without even realizing it.
These often-colorful kiosks resemble regular ATMs and are popping up in supermarkets, convenience stores, gas stations, restaurants, and even laundromats across the U.S.
While crypto ATMs provide a legitimate way to convert real dollars into cryptocurrency, they have quickly become a preferred payment method for scammers.
According to the Federal Trade Commission, reported fraud thefts through crypto ATMs totaled $65 million in the first half of 2024 alone, with $46 million reported by victims aged 60 and older.
The actual amount stolen is likely much higher, as fraud is notoriously underreported.
Here @ Home sits down with AARP Virginia Volunteer Connie Scaggs about what some consumers know to keep themselves safe from this kind of fraud and the legislation they’re working on to help protect consumers.
Listen in to our conversation and find more information here
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