Older Australians are losing millions in crypto ATM scams

Australians lost $3 million to scams involving crypto ATMs in the 12 months to January, according to reports made to the Australian Cyber Security Centre.

Published: 9 June 2025

Of the 150 reported incidents, the most common scams were investment scams (63), extortion emails (35), and romance scams (24).

Most victims were women over 51.

However, total losses are likely to be far higher, as many victims do not report these crimes.