SHOCKING!!!

Why?? 🛑 !!Crypto ATM Banned NOW!

Amid $189M Fraud Surge"

Cryptocurrency ATMs were introduced as a convenient way for people to buy and sell digital currency quickly. However, these machines have become a major problem, leading many cities and states to ban them due to rising fraud and scams.

Scammers have found new ways to exploit these ATMs. They often trick victims by pretending to be government officials, police officers, or even family members in distress. These criminals pressure victims to send Bitcoin or other cryptocurrencies via the ATM, sometimes threatening arrest or harm if they refuse. Victims, often elderly or unaware of how crypto works, lose thousands—even their entire life savings—in just minutes.

In Stillwater, Minnesota, residents lost over $200,000 due to crypto ATM scams in one year, prompting the city to ban these machines. Other cities like Forest Lake and St. Paul are following suit. Minnesota state law now limits daily transactions and requires ATM operators to display clear warnings about fraud risks and offer refunds to new users who fall victim to scams.

Despite these measures, crypto ATM scams continue to rise, showing how vulnerable people are to this new form of crime. If you’re considering using a crypto ATM, be extremely cautious—it could cost you everything.$BTC #BTC $ETH $SOL #BinanceSquareFamily