Friday, January 2, 2026

GET ME REWRITE: Americans lose hundreds of millions of dollars to klepto ATM scams



Jowi Morales reports:
The authorities are acting against cryptocurrency ATM providers, saying that they’re “pocketing hundreds of thousands of dollars in undisclosed fees on the backs of scam victims.” The U.S. Attorney General even sued Athena Bitcoin, with the lawsuit pointing out the 93% of the transactions on its ATMs “are the product of outright fraud,” with victims having a median age of 71 years. In its defense, Athena told ABC News that it has “strong safeguards against fraud, including transparent instructions, prominent warnings, and customer education.” An Athena rep also said, “Just as a bank isn’t held responsible if someone willingly sends funds to someone else, Athena does not control users’ decisions.”


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