Scammers are at it again, finding ways to fleece people out of money using a crypto ATM. But what is it, and is it like a regular ATM?
A recent investigation by the Financial Review into scammers has raised attention into crypto ATMs, a piece of technology that’s basically a way to transfer money into the blockchain.
Over the past two years, crypto ATMs have been linked to money laundering, and now the most recent connection to scams has drawn the attention of the Australian government.
So what are these things, how do they work, and how do people lose money to them?
Pickr’s Leigh Stark joins ABC Sydney Drive with Chris Bath to talk all about crypto ATMs, and what they look like in your nearby shopping centre.
To hear the segment, tune into the October 16 program of ABC Sydney Drive from the 5 minute mark.
