[TRM Labs: Cryptocurrency ATMs process at least $160 million in illegal transactions] Golden Finance reported that the latest report from blockchain analysis company TRM Labs shows that since 2019, the cash-to-crypto industry, which is dominated by cryptocurrency ATMs, has processed at least $160 million in illegal transactions. In 2023, illegal transfers to known fraud addresses through cash-to-crypto services reached $30 million, accounting for 79%. The report pointed out that global law enforcement agencies are increasingly concerned about the growth in the use of crypto ATMs. Recently, the German financial regulator BaFin seized 13 crypto ATMs and seized about $280,000 in cash. Similar actions have also been taken in the United Kingdom, the United States and other countries.