Tag Archives: ATMs

Three individuals – along with one business – have been charged with running a string of illegal cryptocurrency ATMs across the northern region of Ohio. The people arrested are 45-year-old Sonny Meraban, 75-year-old Reza Meraban, and 69-year-old William Suriano. Several Crypto ATMs Have Been Confiscated Two of the men were arrested in Chicago, while the other was arrested in Miami. Overall, the case was handled by 28 law enforcement agents who had garnered more than 50...

It looks like fraud involving digital currency ATMs in the U.S. is shooting through the roof. Now that the entire space is worth approximately $3 trillion, many illicit players are seeking to take advantage of those who have saved up their assets, and ATMs are playing a huge role in the jump in crime. Crypto Fraud Using ATMs Has Gotten Bad There are more than 26,000 crypto-based ATMs in the U.S. alone. When one considers that there were only a little more than 4,000 in...