Americans Lose Over $333 Million to Crypto ATM Scams in 2025
- Surge in Scam Losses: In the first half of 2025, Americans lost $240 million to crypto ATM scams, doubling the losses from the same period in 2024, indicating a sharp rise in fraudulent activities that severely impact victims financially and psychologically.
- Vulnerable Victim Demographics: Many victims are elderly, with one man losing as much as $900,000, and some victims have tragically taken their own lives after losing their entire savings, highlighting the severe consequences of scams on vulnerable populations.
- Local Government Response: The Spokane City Council passed a ban on crypto ATMs, demonstrating local government commitment to combat scams; although a state-level ban failed, local actions provide a model for other cities to follow.
- Industry Reflection and Challenges: Legal experts argue that the presence of crypto ATMs reveals deeper flaws in the U.S. financial system, as scams persist despite KYC and AML regulations, underscoring the urgent need for more comprehensive regulatory measures to protect consumers.
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Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK) As of , Lorenzo Protocol (BANK) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 5 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BANK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BANK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Lorenzo Protocol (BANK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00382 | 0.0169 | 0.0278 | 0.0409 | 0.0518 | 0.0649 | 0.0758 |
| Fibonacci | 0.0169 | 0.026 | 0.0317 | 0.0409 | 0.05 | 0.0557 | 0.0649 |
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