Scmp iconScmpSep 5, 2026

How some grey-market crypto ATMs in Hong Kong can turn users into fraud victims

In order to obtain Dogecoin through the ATM, customers feed Hong Kong dollar notes into a slot and scan a QR code. Inside a tiny self-service laundromat in Quarry Bay in the east of Hong Kong Island, next to a wall of washing machines, stands a waist-high cryptocurrency terminal with signs reading "Elon Musk recommends Dogecoin" and "Buy bitcoin in one minute".

How some grey-market crypto ATMs in Hong Kong can turn users into fraud victims

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In order to obtain Dogecoin through the ATM, customers feed Hong Kong dollar notes into a slot and scan a QR code.

The equivalent amount in cryptocurrency is then credited into their digital wallet.

Inside a tiny self-service laundromat in Quarry Bay in the east of Hong Kong Island, next to a wall of washing machines, stands a waist-high cryptocurrency terminal with signs reading "Elon Musk recommends...

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The useful part

In order to obtain Dogecoin through the ATM, customers feed Hong Kong dollar notes into a slot and scan a QR code. The equivalent amount in cryptocurrency is then credited into their digital wallet. Inside a tiny self-service laundromat in Quarry Bay in the east of Hong Kong Island, next to a wall of washing machines, stands a waist-high cryptocurrency terminal with signs reading "Elon Musk recommends Dogecoin" and "Buy bitcoin in one minute".

Details worth keeping

Inside a tiny self-service laundromat in Quarry Bay in the east of Hong Kong Island, next to a wall of washing machines, stands a waist-high cryptocurrency terminal with signs reading "Elon Musk recommends Dogecoin" and "Buy bitcoin in one minute". Such machines have proliferated across the city in...

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