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flag Crypto ATM scams are rising in the U.S., with victims losing millions as scammers use fake law enforcement calls to trick people into sending cash via QR codes.

flag Cryptocurrency ATM scams are surging in the U.S., with victims losing millions annually, including a Bucks County woman who paid $7,000 after a fake law enforcement call. flag Scammers pressure victims into depositing cash via QR codes at ATMs, exploiting their anonymity and irreversibility. flag Despite warnings, many fall prey, especially elderly individuals, and recovery is nearly impossible. flag While some operators claim low fraud rates, investigations suggest far higher levels. flag At least 18 states have introduced legislation, but industry lobbying has weakened reforms. flag Experts urge caution, reporting scams to authorities, and using regulated exchanges instead.

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