Crypto ATMs: A hotbed of illicit activity and regulatory crackdowns, report says

A recent report by TRM Labs reveals that crypto ATMs have processed at least $160 million in illicit transactions since 2019, with over $30 million going to known scam addresses in 2023 alone. The rate of illicit activity at crypto ATMs is double that of the global crypto industry at 1.2% of total volume. Global (…)