According to Cryptopolitan, FBI complaint data shows that about 1,200 people in Texas lost a total of $56.8 million to cryptocurrency kiosk scams last year, the highest in the nation and roughly twice that of Florida. Texas currently has no regulatory rules for crypto ATMs, and prosecutors and sheriffs are pushing state lawmakers to regulate or directly ban them. The Texas Financial Crime Intelligence Center says victims typically have only 36 to 48 hours to recover funds. The city of San Antonio has required all 193 kiosks to post bilingual warning signs in English and Spanish as of July 1, with violators facing fines of $100 to $500 per machine per day.

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FlowingColorfulInkHeart
· 10h ago
The data from Texas is shocking: 1,200 people were cheated out of half a billion, and ATMs have really become cash machines.
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GoToSleepAfterMinting
· 10h ago
Florida's losses are only half of Texas's, and regulatory differences are directly reflected in the numbers.
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PixelatedDriedFish
· 10h ago
San Antonio posting bilingual warnings is pragmatic, but the penalty feels like a tickle.
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ThereAreCatsInTheContract.
· 10h ago
The 36-to-48-hour window period is something ordinary people simply can't react to in time. The regulatory gap is too fatal.
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