THE REVERE ADVOCATE – FRIDAY, MAY 8, 2026 Page 11 CRYPTOCURRENCY | FROM Page 1 According to a report from CBS News, U.S. victims reported $240—$389 million in losses last year, with 86% of cases involving people aged 60 and older. Scammers use Cryptocurrency ATMs (kiosks) because transactions are irreversible and untraceable and lack consumer protection. Scammers use the machines to move stolen funds overseas, making recovery almost impossible. The scams often follow a particular pattern. Scammers impersonate government offi cials, bank representatives and tech support staff , and they scare victims, telling them they must pay a fi ne, fi x a hacked account or protect their assets from theft. Scammers instruct victims to deposit cash into a crypto kiosk, which instantly converts it to cryptocurrency and sends it to the scammer’s account or wallet. Crypto transactions cannot be undone once they are confi rmed. Many cryptocurrency ATMs operate without strict identity verifi cation or transaction limits. Some victims lose their homes or life savings. In a case in Spokane, Washington, one man lost $900,000 in a single scam. Silvestri told the council about a local woman who lost $350,000 to scammers. “These scams are very well thought out and highly sophisticated,” Silvestri told fellow councillors. “This ordinance shows our commitment to safeguarding our residents and ensuring access to trustworthy servic- LEGAL NOTICE - To all persons interested in the above captioned estate, by Petition of Petitioner of of has been informally appointed as the Personal Representative of the estate to serve on the bond. es. It’s safety for our community, our elders, immigrants who speak limited English and residents most in need. Moving forward, convenience stores, gas stations and other businesses that have a Cryptocurrency ATM on-site will have 60 days to remove it. After that initial cooling off period, anyone who is out of compliance with the new ordinance will be fi ned $300 per day, per violation. Law Offices of JOSEPH D. CATALDO, P.C. “ATTORNEYS AND COUNSELORS AT LAW” ESTATE/MEDICAID PLANNING WILLS/TRUSTS/ESTATES INCOME TAX PREPARATION WEALTH MANAGEMENT RETIREMENT PLANNING ELDER LAW 369 Broadway Everett, MA 02149 (617)381-9600 JOSEPH D. CATALDO, CPA, CFP, MST, ESQUIRE. AICPA Personal Financial Specialist Designee REAL ESTATE TRANSACTIONS BUYER1 El Fatihi, Aziz Hajjo, Mohamed Khalis, Adnan Restrepo, Juan M Richard, Emma G BUYER2 Eshani, Asifa Arango-Jimenez, Ana S SELLER1 Argueta, Evelin E H Lee, Jimmy Mohammad S Altaf LLC R&J Investments LLC Yammine-Atieh Joint Lt SELLER2 Orellana, Osman E Liu, Yifan Yammine, Joe 446 Vane St 382 Ocean Ave #1109 1656 N Shore Rd 16 Ridge Rd Revere Copyrighted material previously published in Banker & Tradesman/The Commercial Record, a weekly trade newspaper. It is reprinted with permission from the publisher, The Warren Group. For a searchable database of real estate transactions and property information visit: www.thewarrengroup.com ADDRESS DATE PRICE 04.16.26 600000 04.17.26 550000 04.15.26 885000 04.17.26 650000 505 Revere Beach Blvd #303 04.14.26 385000
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