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 […]
TikTok ‘Chase bank glitch’ shows people trying to exploit ATMs
A new trend on TikTok sees people trying to take advantage of a Chase ATM “glitch” to offer up “unlimited free money,” but it quickly becomes clear that banks and their money are not so easily given up. Experts say the “glitch” video closely resembles one of the oldest forms of fraud: check fraud. Videos […]
California man arrested after allegedly using explosives in unsuccessful attempts to steal from ATMs
A California man has been arrested after being caught on surveillance camera trying, but failing, to steal cash from two ATMs using explosives. Son Nguyen, 44, of San Diego, was arrested Friday and charged with two counts of criminal damage to property. According to the U.S. Attorney’s Office for the District of Southern California, Nguyen […]