Lincoln's New Move to Fight Crypto Scams
By December 24, businesses with crypto ATMs must display a warning sticker.
A Red Flag for Potential Scams
The warning sticker serves as a clear indication: if someone instructs you to deposit money into a crypto ATM, it could be a scam. Scammers frequently employ tactics such as fear, secrecy, and urgency to deceive individuals into transferring cryptocurrency. The sticker advises individuals to contact the Lincoln Police Department (LPD) if they suspect they are being scammed.
The Impact of Crypto Scams in Lincoln
This new regulation follows the significant financial losses incurred by Lincoln residents due to crypto scams, totaling over $11 million in 2025. The City Council approved the rule on November 17, and the mayor signed it into effect on November 24.
Community and Law Enforcement Efforts
Erika Thomas, a spokesperson for LPD, urges business owners to remain vigilant for suspicious activities. She notes that individuals, particularly the elderly, who appear confused and are engaged in phone conversations near crypto ATMs, may be potential victims of scams.
Resources and Tips for Avoiding Scams
The city's website provides valuable tips on avoiding these scams. An easy-to-remember acronym, S.C.A.M., stands for:
- Stop
- Check
- Avoid
- Make a report
Enhancing Law Enforcement Capabilities
In January, LPD will add a crypto investigator to its team. This specialist will assist in technical investigations related to crypto scams.
Collaboration with AARP Nebraska
AARP Nebraska is collaborating with the Grand Island Police Department to implement similar warning stickers in Grand Island. These stickers will be available in both English and Spanish.
