Iowa AG Brenna Bird’s lawsuit against crypto ATMs challenges Trump’s vision of making America the ‘Crypto Capital of the World’
Attorney General of Iowa Sues Crypto ATM Firms Iowa Attorney General Brenna Bird has initiated lawsuits against two crypto ATM companies, Bitcoin Depot and Coinflip. Some insiders and outsiders within the White House suggest that this move conflicts with President Donald Trump’s aspiration for the U.S. to emerge as the “crypto capital of the world.” […]
Jugging: The risky crime trend at ATMs that targets bank customers
Authorities are alerting the public about a concerning crime trend known as “jagging,” which targets ATM users both nationally and locally. This scheme involves criminals waiting near banks or ATMs, keeping an eye on individuals as they withdraw cash. After identifying a potential victim, these criminals may follow them with the intention to rob them […]
Unlawful Police Are Taking Down Bitcoin ATMs: Bitcoin Depot Legal Officer
Simply put Authorities sometimes use force to seize cash from Bitcoin ATMs. The seized funds are reportedly owned by Bitcoin Depot, according to the company’s CLO. In 2024, Americans lost at least $247 million through Crypto Kiosks, a report by the FBI revealed. According to Chris Ryan from Bitcoin Depot, US law enforcement actions to […]
Tuvalu marks ‘momentous occasion’ with unveiling of its first ATMs | Tuvalu
One of the world’s most distant countries, Tuvalu has announced its first ATM at the headquarters of Tuvalu’s National Bank in the village of Vaiaku, Funafuti, the country’s main island. At Tuesday’s ceremony, the island nation showed historic changes of 12,000 people, which had never accessed an e-bank before. Attended by Prime Minister Feti Theo, […]
‘Jackpotting’ Schemes with Ties to Russia Steal Thousands from ATMs
Criminals are hacking ATMs for illegal cash diversification. The US Secret Service describes “jackpotting” as operating an ATM to spit cash through “malicious software and/or computer hardware.” ksat. Unchecked machines could potentially drain a total loss of thousands of people. “The machinery will continue to distribute until it is ejected. It could be a distribution […]
Masked Robbers Hit 49 NYC Stores, Grabbing $40K from ATMs
A group of robbers targeted 49 stores in New York City, stealing ATM machines and making off with tons of cash. According to police, the three suspects robbed stores in Upper Manhattan, the Bronx, Brooklyn, and Queens between September 19th and December 26th, stealing money and other items. new york post reported Saturday. The group […]
Robbery crew in NYC stole ATMs, cash from 49 stores across city: police
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NYC robbers take ATMs, tens of thousands of dollars from 49 stores: cops
A gang of money-hungry robbers robbed 49 stores across the Big Apple, using ATMs to leave and steal tens of thousands of dollars, police said. It is said to be part of a three-month incident spanning four boroughs. Police said the three suspects enhanced the cars they used as getaway vehicles before committing robberies in […]
Over a dozen discarded ATMs discovered in DC creek | FOX 5 DC
A bizarre mystery is unfolding in the District after more than a dozen ATMs were discovered discarded in a creek. source
Unregistered Crypto ATMs Lead to Landmark UK Prosecution – PYMNTS.com
UK regulators have charged a London man with operating multiple unlicensed cryptocurrency ATMs. Olumide Osunkoya (45 years old) Unlicensed Machines Allows users to purchase cryptocurrencies or convert money into crypto assets Financial Conduct Authority (FCA) made the announcement on Tuesday (September 10th). According to an FCA news release, Osunkoya processed $3.4 million worth of cryptocurrency […]