Crypto ATMs: A Hotbed of Illicit Activity and Regulatory Crackdowns, Says Report

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Submitted by Anonymous (not verified) on Fri, 08/30/2024 - 23:20

Crypto ATMs: A Hotbed of Illicit Activity and Regulatory Crackdowns, Says TRM Labs Report A recent TRM Labs report reveals that crypto ATMs have processed at least $160 million in illicit transactions since 2019, with 2023 alone seeing over $30 million directed to known scam addresses. The rate of illicit activity at crypto ATMs is double that of the overall crypto industry, standing at 1.2% of total volume. Global […]