Wow, Arizona is really having a problem with crypto ATMs. The state attorney general just issued a warning — fraud there is simply skyrocketing. It turns out that in 2024 alone, people in Arizona lost more than $177 million on these schemes. Across the country, the number is even more frightening — $246 million.

The saddest part is that mostly people over 60 are affected. They understand the least about these cryptocurrency things, and scammers are taking advantage of that. Now, Arizona has launched a complaint form — they’re asking people to report cases within a month in hopes of at least having a chance to recover the money.

Honestly, it sounds like a complete scam. I wonder how much is actually recovered? With such large losses in Arizona, help seems minimal.