* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, June 2, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Devin Harjes Dies: ‘Manifest’ & ‘Boardwalk Empire’ Actor Was 41 – WyomingNews.com

    Tragic Loss: Devin Harjes, Star of ‘Manifest’ and ‘Boardwalk Empire,’ Passes Away at 41

    Why Starz Entertainment Stock Soared Today – The Motley Fool

    Unpacking the Surge: What Fueled Starz Entertainment’s Stock Explosion Today!

    Unveiling the Enigmatic: First Looks at Destruction and Puck in ‘The Sandman

    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Mavs CEO holds firm on new arena, entertainment district in Dallas – Dallas News

    Mavs CEO Stands Strong on Vision for New Arena and Entertainment District in Dallas

    Entertainment: On Your Marks, Get Set, Beer Run! – Urban Milwaukee

    Get Ready to Race: The Ultimate Beer Run Experience Awaits!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    This giant microwave may change the future of war – MIT Technology Review

    Revolutionizing Warfare: The Impact of a Game-Changing Giant Microwave

    Bajeed Pattan Joins Forbes Technology Council as Innovation Leader – PRWeb

    Bajeed Pattan Takes the Helm as Innovation Leader at Forbes Technology Council!

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Drone technology demo in Cambria County showcases future of lifesaving medical deliveries – local21news.com

    Revolutionizing Healthcare: Drone Technology Takes Flight for Lifesaving Medical Deliveries in Cambria County

    Revolutionary Harvesting Technology Promises to Slash CAR-T Manufacturing Costs!

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Devin Harjes Dies: ‘Manifest’ & ‘Boardwalk Empire’ Actor Was 41 – WyomingNews.com

    Tragic Loss: Devin Harjes, Star of ‘Manifest’ and ‘Boardwalk Empire,’ Passes Away at 41

    Why Starz Entertainment Stock Soared Today – The Motley Fool

    Unpacking the Surge: What Fueled Starz Entertainment’s Stock Explosion Today!

    Unveiling the Enigmatic: First Looks at Destruction and Puck in ‘The Sandman

    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Mavs CEO holds firm on new arena, entertainment district in Dallas – Dallas News

    Mavs CEO Stands Strong on Vision for New Arena and Entertainment District in Dallas

    Entertainment: On Your Marks, Get Set, Beer Run! – Urban Milwaukee

    Get Ready to Race: The Ultimate Beer Run Experience Awaits!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    This giant microwave may change the future of war – MIT Technology Review

    Revolutionizing Warfare: The Impact of a Game-Changing Giant Microwave

    Bajeed Pattan Joins Forbes Technology Council as Innovation Leader – PRWeb

    Bajeed Pattan Takes the Helm as Innovation Leader at Forbes Technology Council!

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Drone technology demo in Cambria County showcases future of lifesaving medical deliveries – local21news.com

    Revolutionizing Healthcare: Drone Technology Takes Flight for Lifesaving Medical Deliveries in Cambria County

    Revolutionary Harvesting Technology Promises to Slash CAR-T Manufacturing Costs!

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

OCCRP investigation reveals surge in crypto ATM usage among scammers, criminals

July 15, 2024
in Business
OCCRP investigation reveals surge in crypto ATM usage among scammers, criminals
Share on FacebookShare on Twitter

OCCRP investigation reveals surge in crypto ATM usage among scammers, criminals OCCRP investigation reveals surge in crypto ATM usage among scammers, criminals Assad Jafri · 59 mins ago · 2 min read

The report said the rapid growth of crypto ATMs and the lax regulatory oversight have made them an attractive target for criminals

2 min read

Updated: Jul. 15, 2024 at 8:49 pm UTC

OCCRP investigation reveals surge in crypto ATM usage among scammers, criminals

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

Crypto ATMs, designed to facilitate converting cash to cryptocurrencies, are increasingly being exploited by scammers, according to a recent investigation by the Organized Crime and Corruption Reporting Project (OCCRP) and the Miami Herald.

The findings reveal a troubling surge in fraud facilitated by these machines across the US, which have become ubiquitous — appearing in gas stations, convenience stores, and other accessible locations.

The report comes amid similar findings by the FBI, which also recently reported a rise in crypto-related investment fraud in the country. The issue has prompted US lawmakers to call for increased scrutiny and regulation.

Lax oversight

According to the report, the rapid growth of crypto ATMs and relatively lax regulatory oversight have made them an attractive target for criminals. Compared to online exchanges, these machines typically require minimal identification, making it easier for scammers to operate without detection.

In 2023, the FBI reported that losses from scams involving crypto ATMs exceeded $120 million. The figure highlights the significant financial impact of such frauds, which often go unreported or unresolved due to the anonymity and speed of crypto transactions.

Scammers often use crypto ATMs to quickly convert stolen cash into crypto, which can then be transferred across borders and laundered through various exchanges.

The OCCRP report noted that many of these fraudulent activities are linked to international criminal networks operating from countries with weak regulatory frameworks. It added that one of the major issues contributing to the rise in crypto ATM scams is the inconsistent regulatory environment across different states.

While federal law requires crypto ATM operators to register with the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) and adhere to anti-money laundering (AML) standards, state-level regulations vary widely. Some states have stringent requirements, while others, like Illinois, do not classify crypto as money, thus limiting regulatory oversight.

Response to scams

The US Secret Service and the FBI are working to combat these scams but face significant challenges due to the international nature of many of these crimes. The former has identified transnational criminal networks exploiting US financial systems, often from countries that lack legal agreements with the US.

Several high-profile cases highlight the extent of the problem. In one instance, a New York City resident was convicted for operating a network of unlicensed crypto ATMs that facilitated over $5.6 million in fraudulent transactions. The machines were marketed for their anonymity, attracting a criminal clientele and highlighting the potential for misuse.

Major crypto ATM operators, such as Bitcoin Depot and FlipCoin, assert that they are taking steps to prevent fraud by implementing warning systems and monitoring transactions. DigitalMint, another operator, claims to check destination wallets against sanctions lists and frequently contacts customers about suspicious activities.

The OCCRP said the rise in crypto ATM scams calls for stronger regulatory measures and enhanced cooperation between state and federal agencies.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : CryptoSlate – https://cryptoslate.com/occrp-investigation-reveals-surge-in-crypto-atm-usage-among-scammers-criminals/

Tags: businessInvestigationOCCRP
Previous Post

BlackRock CEO reiterates Bitcoin is ‘digital gold’ and a hedge against economic uncertainty

Next Post

Trump picks pro-crypto running mate as Republican party makes him official Presidential nominee

Conservation | Definition, Ecology, Examples, & Facts – Britannica

Unlocking the Secrets of Conservation: Understanding Ecology, Real-World Examples, and Fascinating Facts

June 2, 2025
Invisible radiation leaking from private satellite ‘megaconstellations’ could ruin radio astronomy forever, experts warn – Live Science

Invisible radiation leaking from private satellite ‘megaconstellations’ could ruin radio astronomy forever, experts warn – Live Science

June 2, 2025
Why a science-based climate policy helps business leaders – The World Economic Forum

Unlocking Success: How Science-Based Climate Policies Empower Business Leaders

June 2, 2025
Exercise boosts survival rates in colon cancer patients, study shows – The Lufkin Daily News

How Exercise Can Significantly Improve Survival Rates for Colon Cancer Patients

June 2, 2025
2025 Team USA U20 Wrestling World Team Set – FloWrestling

Meet the Future Stars: Team USA’s U20 Wrestling World Team for 2025 Unveiled!

June 2, 2025
Devin Harjes Dies: ‘Manifest’ & ‘Boardwalk Empire’ Actor Was 41 – WyomingNews.com

Tragic Loss: Devin Harjes, Star of ‘Manifest’ and ‘Boardwalk Empire,’ Passes Away at 41

June 2, 2025
The Trump administration’s report on kids’ health cites made-up scientific studies – NPR

The Trump administration’s report on kids’ health cites made-up scientific studies – NPR

June 2, 2025
Labour pushes ‘military Keynesianism’ to win support for defence spending – The Guardian

Labour pushes ‘military Keynesianism’ to win support for defence spending – The Guardian

June 2, 2025
ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

June 2, 2025
Statewide Hawaii high school surfing closer with passage of funding bill – Spectrum News

Surf’s Up: Hawaii High School Surfing Program Secures Funding Boost!

June 1, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (658)
  • Economy (672)
  • Entertainment (21,579)
  • General (15,255)
  • Health (9,715)
  • Lifestyle (675)
  • News (22,149)
  • People (674)
  • Politics (681)
  • Science (15,893)
  • Sports (21,177)
  • Technology (15,660)
  • World (660)

Recent News

Conservation | Definition, Ecology, Examples, & Facts – Britannica

Unlocking the Secrets of Conservation: Understanding Ecology, Real-World Examples, and Fascinating Facts

June 2, 2025
Invisible radiation leaking from private satellite ‘megaconstellations’ could ruin radio astronomy forever, experts warn – Live Science

Invisible radiation leaking from private satellite ‘megaconstellations’ could ruin radio astronomy forever, experts warn – Live Science

June 2, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version