Vladimir Gorbunov, founder of Choise.ai, expressed concerns that lawmakers are focusing on crypto ATMs when smarter safeguards and collaboration could better protect consumers from scammers. This statement was made in a HackerNoon opinion piece.
"A wave of local bans and restrictions is sweeping across the United States, targeting Bitcoin ATMs," said Gorbunov. "The narrative is compelling, but a closer look reveals a more complex and frustrating picture about how we assign blame in the age of digital crime. Are we solving the problem, or just removing the most visible sign of it? Banning the ATM is like putting a bandage on a symptom while the disease—a lack of education and inadequate law enforcement training for the digital age—rages on."
According to the Federal Trade Commission (FTC), consumers lost more than $12.5 billion to fraud in 2024, marking a 25% increase from 2023. The agency highlights that more people reported monetary losses, emphasizing the need for clear warnings, real-time interventions, and swift data-sharing with law enforcement to protect the public without eliminating legitimate services.
Vladimir Gorbunov, Founder of Choise.ai
| LinkedIn
CoinFlip has outlined layered safeguards prioritizing compliance and consumer safety. These include in-screen scam warnings, a "Safe in Six" pause prompting self-checks on urgency and unfamiliar requests, and 24/7 live human support across all markets. The company reports that its team has already prevented hundreds of suspect transactions in 2024 by probing red flags, escalating to compliance, and guiding victims to law-enforcement reporting.
Athena displays kiosk-level scam warnings, maintains a public fraud-education portal, and runs a formal complaint process to document and investigate reports. The company states these steps reflect its commitment to transparency and responsible access. Athena also notes partnerships with law enforcement to pursue major scam operations.
Gorbunov is the founder of Choise.ai, described as an enterprise crypto ecosystem. He frequently writes on web3 and digital finance. His HackerNoon profile identifies his role and links to the Choise.ai platform, providing context for his perspective advocating targeted safeguards over bans to maintain access while enhancing transparency, accountability, and consumer protection.
