Bitcoin ATM Scams Result in $333 Million in Losses for Americans in 2025, Reports FBI

According to the FBI, Americans lost over $333 million to Bitcoin ATM scams from January to November 2025. This marks a significant increase from the previous year, highlighting the escalating threat of cryptocurrency fraud.

Key Takeaways

Losses Surge: In 2025, American losses from Bitcoin ATM scams exceeded $333 million.
Comparison to Previous Year: This is an increase from roughly $250 million in 2024.
Scammers' Techniques: Fraudulent tactics often involve fake claims from government agencies or urgent payment demands.
Difficult Recovery: Once funds are transferred via Bitcoin ATMs, recovering lost money is very challenging.
Caution Advised: The FBI encourages the public to remain vigilant and cautious with ATM transactions, particularly against unsolicited requests.

FBI warns Bitcoin ATM scams hit $333m in 2025

Overview of Crypto Scam Trends

Scammers have managed to exploit Bitcoin ATM schemes, leading to losses exceeding $333 million for Americans between January and November 2025, according to new data from the Federal Bureau of Investigation (FBI).

Escalating Fraudulent Activities

This alarming statistic shows a notable rise from the roughly $250 million lost in 2024. The FBI has stated that schemes related to cryptocurrencies conducted through these kiosks show no signs of slowing down.

Reasons for the Rise

The FBI links the increase in scams to the growing number of Bitcoin ATMs, along with the rapid and irreversible nature of cryptocurrency transactions. These ATMs allow users to insert cash and instantly send cryptocurrency to digital wallets.

Common Scammer Tactics

According to the FBI, scammers often mislead victims into depositing cash at these machines for various fraudulent reasons. Common tactics involve deceitful claims related to government agencies or financial institutions, or asserting that urgent payments are necessary. Once victims transfer their funds, recovering the money can be extremely difficult, as noted by law enforcement officials.

Impact of Bitcoin ATM Availability

With over 45,000 Bitcoin ATMs now operating in the United States, the rising accessibility of these machines creates fresh opportunities for fraud. As scammers continuously refine their methods, the FBI has urged the public to exercise caution and refrain from sending money through cryptocurrency ATMs in response to unsolicited requests or persuasive tactics.

By staying informed and cautious, individuals can better protect themselves against the growing risks associated with Bitcoin ATM scams.