35 victims of crypto ATM scams in Arizona have received full refunds totaling $171,332 since the state's Cryptocurrency Kiosk License Fraud Prevention law took effect in September last year.
35 victims of crypto ATM scams in Arizona have received full refunds totaling $171,332 since the state's Cryptocurrency Kiosk License Fraud Prevention law took effect in September last year.
A crypto ATM is a physical kiosk that allows users to buy or sell cryptocurrencies like Bitcoin (BTC) using cash or a debit card. Unlike traditional bank ATMs that connect to a user's bank account, these kiosks connect directly to a crypto exchange or wallet over the internet.
However, bad actors have frequently used these ATMs to defraud vulnerable people, the elderly in particular. Several U.S. states have put in safeguards to control or address such scams.
Related: Police reveal new details on Tennessee's major ban
In May 2025, Arizona enacted House Bill 2387, which is a consumer protection law to curb crypto ATM scams. Taking effect on Sep. 26, 2025, the law mandates strict fraud warnings, transaction limits, blockchain tracing tools, and refund rights for eligible scam victims who report fraudulent transfers within 30 days.
The law mandates crypto ATM operators to issue full refunds, including all fees, to scam victims who report the fraudulent transaction to the Attorney General's Office or local law enforcement within 30 days.
Attorney General Kris Mayes announced on Aug. 12 that since the law took effect last September, the Attorney General's Office has helped 35 victims of crypto ATM scams receive full refunds totaling $171,332.
“My office is happy to help any victim of crypto ATM fraud receive a refund they are entitled to under Arizona law,” said Mayes. “Knowing the signs of crypto ATM fraud can help protect you and your loved ones, but if you have fallen victim to this scam, contact my office right away. We are here to help.”
The Attorney General's Office reiterated that anyone who believes themselves to be victims of a crypto ATM scam should report the incident immediately or miss the 30-day window.
The users should keep their transaction receipts and be ready to share the date, time, location, and amount of the transaction, along with any information about how the scam occurred.
Related: Goldman Sachs is paying $2.25 billion to get into Bitcoin income game
