The Crypto ATM Debate: New Mexicans Losing Millions
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The Crypto ATM Debate: New Mexicans Losing Millions
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Crypto or Bitcoin ATMs are everywhere, including laundromats and grocery stores across New Mexico. But as scammers increasingly use cryptocurrency to steal money from victims, cities and states are taking a closer look at the machines. New Mexicans reported millions in cryptocurrency fraud losses last year, and Albuquerque City Councilors are now considering an ordinance to remove crypto ATMs from city limits. Chris and Gabby dive into the topic with Brian Watson, a Community Outreach Specialist with R.O.S.E. and former IRS Criminal Investigator. Watson explains how crypto ATM scams work, why scammers often target older adults, and the devastating losses he's seen firsthand. How is AI changing the way scammers target financial information? What can you do to protect yourself and your family? Are crypto ATMs a convenience, or a tool scammers are exploiting?
Thanks for listening. If you’ve got an idea, send it to us at chris.mckee@krqe.com or gabrielle.burkhart@krqe.com. Give us a follow on social media at @ChrisMcKeeTV and @gburkNM. Watch or listen to our prior podcasts online at KRQE.com/insiders and our KRQE YouTube channel, or on broadcast TV every Wednesday at 10:35 p.m. MST on Fox New Mexico.