cryptocurrency ATMs


In a significant move to combat financial fraud in the cryptocurrency space, the United States Department of Justice (DOJ) has seized 18 cryptocurrency ATMs purchased with fraudulent Small Business Administration (SBA) loans. The owner of the ATMs has also been arrested and charged with fraud. The fraudulent loans were intended to support small businesses impacted by the COVID-19 pandemic but were instead used to purchase the cryptocurrency ATMs, which were installed in various locations across…