Treasury Sanctions Tren de Aragua ATM Jackpotting Network Linked to $40.7 Million in Losses

The U.S. Treasury has sanctioned a Tren de Aragua network accused of using malware to empty ATMs across the United States. Authorities linked the alleged attacks to $40.73 million in reported losses across more than 1,500 incidents as of August 2025. The technique, known as jackpotting, makes cash machines dispense money without charging a customer account. Attackers typically survey machines, install malicious software, and activate it remotely. Recent ATM jackpotting guilty pleas illustrate how criminals combine physical access with software manipulation to attempt cash theft. Analysts from TRM Labs noted that the operation also relied on cryptocurrency transactions to move stolen funds. TRM Labs said in a report shared with...

Read the full article at the source.