Arizona Refunds $171K to Crypto Scam Victims Under New Law

Arizona has helped 35 victims of cryptocurrency ATM scams recover a total of $171,332 under a state law that mandates refunds for qualifying fraud, the state's attorney general announced on Wednesday. The refunds, facilitated by Attorney General Kris Mayes, mark the first significant use of a law enacted in September 2025 that is part of a broader national and global crackdown on crypto kiosks.

The law, House Bill 2387, took effect on September 26, 2025. It requires crypto kiosk operators to provide full refunds, including fees, to new customers who are defrauded. To qualify, victims must report the transaction to both the operator and law enforcement within 30 days. The legislation also imposes new consumer protections, including daily transaction limits of $2,000 for new customers and $10,500 for existing ones, as well as mandatory scam warnings and detailed receipts.

"My office is happy to help any victim of crypto ATM fraud receive a refund they are entitled to under Arizona law," Mayes said in a statement.

The action in Arizona reflects a wider regulatory response to the growing problem of crypto ATM fraud. Federal Bureau of Investigation data shows that in 2025, there were...