Andrew Bailey
@AGCHanaway
Bitcoin and crypto ATMs are the new getaway cars for fraud, whisking away innocent people’s money to scammers, never to return.
My office has filed suit against the crypto ATM network CoinFlip for facilitating fraudulent transactions and profiting from them with convoluted and excessive fees.
We have launched a statewide investigation into companies deceptively operating cryptocurrency kiosks after reports of scams.
I am pro-cryptocurrency, but I will hold bad actors accountable for using ATMs to prey on vulnerable individuals. 