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Victims of crypto ATM scams lose $2.5 million as police warn older Tasmanians are targets

by Priya Shah – Business Editor
written by Priya Shah – Business Editor

Tasmanians Duped Out of Millions in Crypto ATM Scam

Financial scammers have swindled more than a dozen Tasmanians out of an estimated $2.5 million using cryptocurrency ATMs. One individual lost over $750,000, spotlighting a growing threat to vulnerable populations.

Crypto ATMs Facilitate Scams

An investigation by **Tasmania Police** revealed that 15 people were victims, with approximately $900,000 directly deposited into crypto ATMs. These machines, resembling regular ATMs, facilitate the purchase or sale of cryptocurrencies like Bitcoin and Ethereum.

Bitcoin ATMs are located in shopping centres, stores and car parks across Australia. (Supplied: AFP)

According to **Detective Sergeant Paul Turner**, “All of those persons depositing large amounts of funds were victims of some type of scam.”

The victims averaged 65 years old, with individual losses around $165,000. As the AARP reports, scams targeting older adults are on the rise, with losses increasing dramatically in recent years (AARP).

Devastating Impact on Victims

“The victims of these scams, they suffer lifelong impacts,” said **Detective Sergeant Turner**, highlighting that many had to delay retirement or sell assets and rely on social services.

The cybercrime investigation found scammers used intimidation, false promises of high returns, and urgency to manipulate their targets. Romance, investment, government authority, and tech support scams were common.

The Unknown Extent of Crypto Fraud

Scammers often target older individuals who lack understanding of cryptocurrencies, luring them with promises of lucrative investments. One victim lost $750,000 in an investment scam where fraudsters convinced them to send more funds to recover initial losses.

Initial contact was often via phone, email, or social media, with scammers moving conversations to encrypted apps like WhatsApp or Telegram.

Although crypto ATMs facilitate money laundering, **Sergeant Turner** noted that financial scams, overall, have remained consistent in Tasmania. However, limited police resources hinder understanding the full extent of crypto-related scams.

**Turner** stated, “There’s no doubt there’s significantly more people out there who have put cash into these ATMs that either know they’re a victim or haven’t identified that factor yet,”

ATM Proliferation and Regulation

Tasmania has seen a surge in crypto ATMs, growing from one in 2021 to 21 in 2025, located in supermarkets, milk bars, and bottle shops. This trend is mirrored nationally.

Victims of crypto ATM scams lose .5 million as police warn older Tasmanians are targets
The number of crypto ATMs in Australia is continuing to grow. (ABC News: David Sciasci)

**AUSTRAC**, the financial crime regulator, reported approximately 60 crypto ATMs Australia-wide in 2022, estimating 1,600 by March 2025. Bitcoin’s value has also tripled, rising from $65,000 in early 2022 to nearly $180,000 by July 2025.

The **Tasmania Police** investigation coincides with a national crackdown on criminal use of crypto ATMs. **AUSTRAC** found that the majority of ATM transactions involved cash deposits for Bitcoin, but highlighted a worrying increase in scam and money laundering links.

Most victims are middle-aged or older, with those over 50 accounting for almost 72% of crypto ATM transactions. **AUSTRAC** CEO **Brendan Thomas** noted that people aged 60 to 70 are among the most frequent users.

**Mr. Thomas** has previously stated that federal regulation failed to keep pace with the growth of the cryptocurrency sector and the rising number of crypto ATMs.

AUSTRAC CEO BRENDAN THOMAS
**AUSTRAC** chief executive **Brendan Thomas** (ABC News: Daniel Irvine)
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News

Clunia Roman Site: Correos’ Stamp Bid for European Glory

by Emma Walker – News Editor
written by Emma Walker – News Editor

Okay, I’ve analyzed the provided HTML and text. Here’s a breakdown of the content, focusing on key details and structure:

Overall Structure:

The code represents a news article or blog post, likely from the website “eldiario.es“. It’s structured with:

“Know More” Aside: A sidebar element promoting a related article about the Statue of Liberty.
 Article Text: Paragraphs describing a sculpture of the goddess Fortuna found at the Roman Theater of Clunia in Spain.
Embedded Content: A Twitter embed.
 Headings:

elements highlighting key sections.

Key Content Points:

Sculpture of Fortuna:
 Discovered at the Roman Theater of Clunia (Burgos, Spain) during excavations in 2007-2008.
Part of the stage front before the theater was converted into an amphitheater in 169 AD.
 Depicts the Greco-Roman goddess Fortuna/Tyche.
Dressed in Greek style with a tunic and mantle.
 The Junta de Castilla y León considers it one of the most notable findings at the site.
Notable feature: a cornucopia.

Roman City of Clunia:
Located between Coruña del Conde and Peñalba de Castro (south of Burgos).
 First mentioned by classical authors.
Founded during the reign of Emperor Tiberius (14-37 AD).
 Became the capital of a legal convent in the 1st century.
Played a role in Galba’s uprising against Nero.

Spanish Seal Competition:
the Fortuna sculpture is being used as the design for a Spanish seal.
 It’s competing with other European proposals (coins, jewelry, etc.).
Examples: France’s attic Entica and Bulgaria’s gold coin of Justinian I.

HTML Structure details:

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Business

Energy Security for Europe: Norwegian Equinor invests € 2 billion in new oil-gase

by Priya Shah – Business Editor
written by Priya Shah – Business Editor

Equinor’s Massive North Sea Investment to Boost European Energy Security

The Norwegian energy giant, Equinor, is poised to invest over €1.84 billion in a new underwater oil and gas venture in the Fram area, near the Troll C platform. This strategic move aims to bolster Europe’s energy security and highlights a commitment to expanding offshore infrastructure.

Fram Sair Project Details

The Fram Sair project, a significant undertaking, intends to enhance Europe’s energy security. This development, as stated by the company, will draw resources from the Norwegian continental shelf. The project anticipates the extraction of 116 million barrels of oil equivalent, with approximately 75% being oil and the remainder natural gas.

Production is scheduled to commence by the close of 2029.

“The development will ensure profitability by effectively connecting the new underwater infrastructure to existing facilities in the area.”

—Geir Tungesvik, Equinor Executive Vice President

Offshore platform image.

Economic and Technological Impact

The initiative is poised to generate considerable economic advantages for the local region. Calculations indicate that approximately 4,500 full-time positions will be created during the project’s development phase. Most suppliers involved are Norwegian companies, though some construction will occur abroad.

The total value of the contracts related to this project is about €1.58 billion. The venture involves three companies: Equinor Energy AS with a 45% share, Vår Energi ASA (40%), and Inpex Idemitsu NORGE AS holding the remaining 15%.

The project is located in the northern North Sea, approximately 120 km northwest of Bergen. The sea depth in this area is around 350 meters, with deposits situated between 1,800 and 2,800 meters below the seabed.

Innovative Technology

Fram Sair also incorporates technological advancements. This will be the initial project in the North Sea to implement fully electric underwater “Christmas trees” for controlling underwater wells. This technology replaces hydraulic systems, removing the need for hydraulic fluids from the platform.

According to the U.S. Energy Information Administration, offshore oil and gas production in the North Sea accounted for approximately 2.5% of the world’s total crude oil production in 2022 (EIA 2024).

Future Outlook

The Fram Sair project represents a combined development of several deposits that will integrate with existing infrastructure, including the Troll C platform. The extracted crude oil will then be transported via the Troll II pipeline to the Mongstad refinery. Keithil Hove, Equinor’s Executive Vice President for Norway Study and Production, has emphasized the significance of collaboration between companies and regulators in effectively utilizing resources in established deposits.

Equinor aims to launch over 50 similar projects on the Norwegian shelf by 2035. This underscores the long-term commitment to the region.

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