Tasmania’s Crypto ATM Users Scammed Out of $1.6 Million

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Tasmania’s Crypto ATM Users Scammed Out of $1.6 Million, Police Says

Written by Aaron S.,

Editor-In-Chief

Last Updated: July 11, 2025

Key Takeaways

Tasmania’s top 15 crypto ATM users lost AU$2.5 million to scams, with over AU$592,000 fed into machines;
Scammers sent victims to crypto ATMs after banks flagged and blocked suspicious transfers;
Police warned that urgent or pressured requests to use crypto ATMs are almost always scams.

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Tasmania’s Crypto ATM Users Scammed Out of $1.6 Million, Police Says

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Authorities in Tasmania have revealed that the top 15 users of crypto ATMs in the state were all victims of scams.

These individuals lost a total of 2.5 million Australian dollars (about $1.6 million USD), with more than $592,000 of that deposited directly into crypto machines.

The findings were shared by Tasmania Police’s cybercrime unit, which has been working across Australia to tackle misuse of crypto ATMs.

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Detective Sergeant Paul Turner said scammers often directed people to crypto ATMs after banks or financial apps blocked their transactions. Once those attempts failed, the fraudsters would tell the victims to use a crypto machine instead.

Turner said, "Victims are being manipulated, intimidated and pressured into investing in fake investment and romance scams".

He added that the impact can be long-term. Some people end up needing government support, selling their belongings, or delaying retirement because of the money they have lost.

Turner also warned:

If you are asked to deposit cash into a cryptocurrency ATM by someone you’ve never met in person, or the offer comes with a high-pressure deadline or urgent tone, then it is likely a scam.

On June 25, the Australian Federal Police and AUSTRAC launched a national operation aimed at stopping criminals from using crypto ATMs to transfer funds. What did they discover? Read the full story.