RENO, Nev. (KOLO) - Nevada Secretary of State Cisco Aguilar is warning the public to look out for scams related to cryptocurrency ATMs. The Secretary of State’s Office says fraudsters are capitalizing on the growing popularity of these machines, enticing victims to transfer money or other crypto assets.

“Cryptocurrency continues to gain popularity for its accessibility, privacy and other advantages, but bad actors are taking advantage of the technology. Crypto transactions are designed to be anonymous and instantaneous, making it hard for the fraudster to be tracked and the losses to be recovered,” said Aguilar. “Scammers will contact people with promises of a great investment with fast returns and limited risk. Remember: If it sounds too good to be true, it probably is.”

The Federal T

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