Arizona crypto ATM law helps 35 scam victims recover $171K

cointelegraphPublished on 2026-08-12Last updated on 2026-08-12

Abstract

Arizona's cryptocurrency ATM law, effective since September 2025, has successfully helped 35 scam victims recover a total of $171,332 in full refunds. The state's attorney general announced the results, urging residents to report fraudulent transactions quickly to meet the law's 30-day reporting deadline. The legislation requires crypto kiosk operators to refund eligible new customers for scam-induced transactions, provided victims contact both the operator and law enforcement within 30 days with an official fraud report. The law defines new customers as those using an operator for fewer than 10 days and caps their daily transactions at $2,000.

Arizona’s crypto ATM law has helped 35 scam victims receive full refunds totaling $171,332 since the measure took effect in September 2025, according to the state’s attorney general.

On Wednesday, the Arizona Attorney General’s Office said it helped the victims obtain full refunds and urged residents to quickly report fraudulent transactions to avoid missing the law’s 30-day deadline.

Under House Bill 2387, crypto kiosk operators must refund eligible new customers for fraudulently induced transactions, including any associated fees. Victims must contact both the operator and the attorney general or another law enforcement agency within 30 days and provide the operator with an official report determining that they were fraudulently induced into making the transaction.

The law, which took effect on Sept. 26, defines a new customer as someone who has used an operator for fewer than 10 days. It also caps their daily transactions at $2,000, compared with $10,500 for existing customers.

Arizona Attorney General Kris Mayes urged residents who fall victim to crypto ATM scams to contact her office immediately, as fraudulent transactions must be reported within 30 days to qualify for a refund. “My office is happy to help any victim of crypto ATM fraud receive a refund they are entitled to under Arizona law,” Mayes said.

Related: Hawaii crypto ATM ban to take effect on Oct. 1

Trending Cryptos

Related Questions

QWhat is the main purpose of Arizona's House Bill 2387 regarding crypto ATMs?

AThe main purpose of Arizona's House Bill 2387 is to require crypto ATM operators to provide full refunds to eligible new customers for fraudulently induced transactions, including any associated fees.

QHow many scam victims have been helped by the Arizona crypto ATM law, and what was the total refund amount?

ASince the law took effect, 35 scam victims have been helped, receiving full refunds totaling $171,332.

QWhat are the key requirements a victim must meet to qualify for a refund under this law?

ATo qualify for a refund, a victim must contact both the crypto ATM operator and the attorney general or another law enforcement agency within 30 days of the transaction. They must also provide the operator with an official report determining they were fraudulently induced into making the transaction.

QHow does the law define a 'new customer' for a crypto ATM operator, and what is their transaction limit?

AThe law defines a 'new customer' as someone who has used an operator for fewer than 10 days. It caps their daily transactions at $2,000, compared to $10,500 for existing customers.

QAccording to the article, what is the specific deadline for reporting a fraudulent transaction to be eligible for a refund?

AFraudulent transactions must be reported within 30 days to qualify for a refund under the law.

Related Reads

Trading

Spot

Hot Articles

How to Buy ATM

Welcome to HTX.com! We've made purchasing Atletico De Madrid Fan Token (ATM) simple and convenient. Follow our step-by-step guide to embark on your crypto journey.Step 1: Create Your HTX AccountUse your email or phone number to sign up for a free account on HTX. Experience a hassle-free registration journey and unlock all features.Get My AccountStep 2: Go to Buy Crypto and Choose Your Payment MethodCredit/Debit Card: Use your Visa or Mastercard to buy Atletico De Madrid Fan Token (ATM) instantly.Balance: Use funds from your HTX account balance to trade seamlessly.Third Parties: We've added popular payment methods such as Google Pay and Apple Pay to enhance convenience.P2P: Trade directly with other users on HTX.Over-the-Counter (OTC): We offer tailor-made services and competitive exchange rates for traders.Step 3: Store Your Atletico De Madrid Fan Token (ATM)After purchasing your Atletico De Madrid Fan Token (ATM), store it in your HTX account. Alternatively, you can send it elsewhere via blockchain transfer or use it to trade other cryptocurrencies.Step 4: Trade Atletico De Madrid Fan Token (ATM)Easily trade Atletico De Madrid Fan Token (ATM) on HTX's spot market. Simply access your account, select your trading pair, execute your trades, and monitor in real-time. We offer a user-friendly experience for both beginners and seasoned traders.

4.1k Total ViewsPublished 2024.03.29Updated 2025.03.21

How to Buy ATM

Discussions

Welcome to the HTX Community. Here, you can stay informed about the latest platform developments and gain access to professional market insights. Users' opinions on the price of ATM (ATM) are presented below.

活动图片