Rise in Cryptocurrency ATM Exploitation for Criminal Activities
CryptoNewsTerminal Staff15 Jul, 2024
Rise in Cryptocurrency ATM Exploitation for Criminal Activities
Citing an investigation by the Organized Crime and Corruption Reporting Project (OCCRP) and the Miami Herald, CryptoSlate reports an alarming increase in cryptocurrency ATM exploitation for criminal activity. An FBI report highlights the lax regulation of these ATMs as a primary reason, as they often require minimal identification making them a hub for illicit activities. CryptoSlate emphasizes the need for stricter regulations to curb this growing threat.