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Crypto kiosks raising red flags in local communities
Law enforcement officials in Minnesota are raising concerns about cryptocurrency ATM scams impacting local communities.
Lynn Lawrence from the Woodbury Police Department recently addressed the House Commerce Finance and Policy Committee, highlighting the financial losses faced by seniors, vulnerable adults and families due to these scams.
“Our seniors, vulnerable adults and hardworking families are being drained of their savings if we don’t act decisively. These losses are only going to grow,” said Lawrence.
Faribault Police Chief John Sherwin shared similar concerns. He said residents have lost over half a million dollars to crypto ATM scams since 2022.
“It’s very difficult, I can tell you, with the cases we’ve looked into, we’ve never had a successful prosecution,” said Sherwin.
Over $182m lost in 2025: Police warn of increase in scam cases involving cryptocurrency transfers
The police have noticed an increase in scam cases that involve cryptocurrency transfers and have advised members of the public on areas to note.
In an advisory issued on Sunday (March 8), police said the uptick in cryptocurrency transfers-related scams were primarily due to investment, jobs, and government officials impersonation scams, adding that victims lost about $182.2 million in cryptocurrency in 2025.
Victims of such scams would typically chance upon advertisements relating to purported cryptocurrency-related "investments" or "job opportunities" on social media platforms.
They would be directed by scammers to create cryptocurrency accounts and purchase cryptocurrencies, either for "investment purposes" or to earn a "commission" in return for helping to boost the values of cryptocurrencies.
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