News

Clay County Bitcoin ATM scams hit 156 victims and $3 million can stolen crypto ever be recovered?

Clay County, Missouri, reports $3 million lost by 156 residents over two years to scams directing victims to crypto ATMs for untraceable Bitcoin purchases, often via fake jury duty or arrest threats. U.S. crypto kiosk fraud hit over $107 million in 2024, up 31%, with seniors and students increasingly targeted. Officials note transactions are hard to reverse. Cities like St. Paul plan bans on these machines due to poor compliance with anti-money laundering rules.