Quantcast

Choise.ai founder on crypto kiosks: 'The narrative has turned the kiosks into the villains'

Ethereum: The rush of crypto investors continues despite the price drop
Angry investors say ZKasino stole $30m in crypto as Dutch police make arrest linked to scam
Web3 wine marketplace Baxus raises $5m from Multicoin Capital, Solana Ventures
Uniswap users can now use Robinhood Connect to buy cryptocurrencies
Bitcoin (BTC) Falls Below $58k as ETF Investors Retreat
Pike Finance Exploit Leads to $1.6M in Stolen Cryptocurrency
Two giants will allow you to bequeath your cryptos
Bitcoin: Coinbase Integrates The Lightning Network For Btc Transfers
New AI Meme Coin ICO WienerAI Adds Trading Bot AI Companion Feature, Laps Up $700,000
What will push Solana back to its $260 all-time high? Three analysts weigh in
A closer look at the tough month for spot bitcoin ETFs
ETFs on pause but investors are starting to buy back, what consequences?
Crypto investment outflows reach 3-week streak with $435m
The stock market soars: Europe reacts ahead of the FED meeting!
Renzo is coming to Binance Launchpool: how to participate to earn REZ tokens?
Bitcoin halving was 'not priced in' despite recent correction, analyst says
Bitcoin Price Prediction: Surges to $64,500, Rare 'Epic Sat' Sells for $2.1M
Crypto: A $500 million liquidation threat on Ethereum
Cryptocurrency is making a comeback on Stripe
The European Union Strengthens Controls On Cryptos: True Or False?
Alien CryptoPunk sells for $12.5m as rare NFT trading heats up
Crypto: FTX is getting rid of its Solana, what impact on the price of SOL?
Renzo’s ezETH falls as low as $700, leading to $56m in liquidations
Meet this ex-poker tournament organizer who is launching his euro stablecoin
Bitcoin: Btc Outperforms Tesla (Tsla) Stock For The First Time Since 2019
A drawdown for DEXs: Traders on Ethereum hits lowest level since February
NEKO Cat Token Soars 7,100% and All Eyes Turn to This New Dog Coin That Just Secured $10 Million Funding
Ethereum Vs Restaking: Eigenlayer Facing A Yield Crisis?
SafeMoon CEO John Karony Claims He's "Innocent" Of Multi-Million Crypto Fraud Scheme
Shiba Inu (SHIB) raises $12 million to create layer 3 based on anonymity
Choise.ai founder on crypto kiosks: 'The narrative has turned the kiosks into the villains'
Web3/Crypto
Webp  32
Vladimir Gorbunov, Founder, Choise.ai | LinkedIn

Vladimir Gorbunov, founder of Choise.ai, expressed concerns over bans on cryptocurrency kiosks, suggesting that such measures misdiagnose the issue of fraud. He proposed that education, visible warnings, and real-time support are more effective solutions than restricting the kiosks. His statement was made on HackerNoon.

"The narrative has turned the kiosks into the villains," said Gorbunov. "but often you see fraud because of a chain of trust violations well before the kiosk itself. If we ban crypto ATMs because scammers used phones to trick people into using them, why not ban phones? The problem is, and always has been, sophisticated scammers exploiting human vulnerability and a massive gap in public understanding."

According to Athena Bitcoin, scam warnings are displayed on every kiosk they operate. The company also maintains a public fraud-education portal and runs a formal complaint process to capture customer reports for investigation and follow-up. Athena Bitcoin emphasizes that their staff never solicit Bitcoin payments and advises customers to contact authorities if pressured to pay fines, taxes, or utility bills in cryptocurrency. These initiatives aim to provide first-time users and those who prefer cash with clearer guidance at the point of transaction and a documented path for redress when scams are suspected.

Get the Newsletter
Sign-up to receive weekly round up of news from Crypto Republique
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

The Nilson Report estimates global card-payment fraud losses at $33.83 billion in 2023, affecting issuers, merchants, and acquirers across various channels. This equates to 6.58¢ per $100 in volume worldwide. Such figures contextualize why targeted kiosk safeguards can be proportionate compared with broader payment risks and why regulators often calibrate disclosures, monitoring, and subpoena responsiveness based on comparative loss data.

The Federal Trade Commission (FTC) reports that consumer losses linked to scams involving Bitcoin kiosks have grown nearly tenfold since 2020, reaching over $110 million in 2023. The FTC highlights patterns marked by scripted urgency, QR code routing, and irreversible transfers as significant factors in these scams. The data underscores the value of layered defenses: prominent on-screen warnings, decision pauses like CoinFlip’s "Safe in Six," trained live agents who can intervene mid-transaction, and rapid subpoena support to aid investigations.

Gorbunov is a serial fintech entrepreneur with experience in digital assets since 2017. He previously led consumer-facing crypto products and has frequently written and spoken about bridging mainstream users to decentralized finance. In recent communications regarding Choise.ai’s roadmap for 2024–2025, Gorbunov emphasized enterprise-grade crypto tooling, security, and user education. His commentary often focuses on practical risk controls over blanket prohibitions, highlighting social-engineering defenses and transparent user experiences for on/off-ramps.

Organizations Included in this History
More News

Raoul Pal, CEO of Real Vision, said that cryptocurrency gains depend on liquidity, with a government shutdown and the Treasury General Account (TGA) delaying conditions for a breakout.

Nov 3, 2025

Changpeng "CZ" Zhao, founder of Binance, said that Kyrgyzstan presents significant potential for cryptocurrency growth and encouraged other firms in the industry to consider investing and operating there.

Nov 3, 2025

Julian Hosp, founder of Cake DeFi, said that Bitcoin has evolved into a speculative gamble, with stronger returns emerging in artificial intelligence (AI), energy, and broader technology sectors.

Nov 3, 2025

Binance announced on its website that it upgraded its USDⓈ-M Futures Liquidity Provider Program on November 3, 2025.

Nov 3, 2025

Carlos Domingo, CEO of Securitize, has expressed confidence in blockchain technology's potential to transform asset management.

Nov 3, 2025

Binance announced on its website that it will update collateral and Tiered Collateral Ratios for PM Pro (Portfolio Margin) on November 4 and November 7, 2025.

Nov 3, 2025