FBI: AMERICANS LOST $388M TO CRYPTO ATM SCAMS IN 2025

Cryptocurrency ATMs, also called Bitcoin ATMs or crypto kiosks, have become targets for scammers seeking to exploit users unfamiliar with digital asset transactions. The 2025 figure represents a significant financial impact on victims, many of whom are directed to these machines by scammers posing as legitimate businesses or government agencies. Common tactics include romance scams, investment fraud, and impersonation schemes that pressure victims into purchasing cryptocurrency at physical kiosks. Once funds are transferred to a crypto wallet, transactions are typically irreversible. The FBI advises consumers to verify requests for cryptocurrency payments through independent channels and avoid sending digital assets to unknown parties. Users should be particularly cautious of unsolicited contact claiming to represent government agencies or established companies. As crypto ATM networks expand, law enforcement agencies continue tracking these fraud patterns and working with operators to improve security measures and user protections.