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NZ ombudsman warns crypto ATMs used in sophisticated scams.
New Zealand’s Banking Ombudsman Nicola Sladden warns that cryptocurrency ATMs are being exploited in sophisticated scams, urging the public to exercise extreme caution.
In recent cases, victims tricked by fraudulent job offers or other schemes withdrew tens of thousands of dollars and deposited cash into crypto ATMs, only to lose the money permanently.
Authorities emphasize that legitimate organizations never request such payments and advise consumers to verify identities, consult trusted individuals, and avoid secrecy or pressure before making transactions.
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