Forsyth County leaders are taking steps to regulate cryptocurrency ATMs after investigators reported millions of dollars in local scam-related losses tied to the machines.
The Forsyth County Sheriff’s Office told commissioners this week that residents have lost more than $5.9 million to crypto-related scams so far in 2025. Captain Bill Franco said crypto ATMs, often found in gas stations and convenience stores, remain largely unregulated and can be an easy target for criminals.
“We’ve had victims that had deposited over $100,000 into an ATM machine and a scam which was over $30,000 in fees, almost 30%,” Franco said. He added that warning signs near the kiosks could help prevent some scams, noting victims range from young adults to older residents…