What is the FBI's warning about Bitcoin ATMs?

The FBI warns of a significant and increasing number of cryptocurrency scams utilizing Bitcoin ATMs.

How much money was lost to Bitcoin ATM scams in 2025?

By November 2025, losses to Bitcoin ATM scams had surged to $333.5 million.

What regulations are proposed for Bitcoin ATMs?

AARP has called for stricter regulations, including daily deposit caps, to protect consumers from scams.

Home / Crime and Justice / FBI Warns: Crypto ATM Scams Skyrocket

FBI Warns: Crypto ATM Scams Skyrocket

1 Jan

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Summary

Cryptocurrency ATM scams saw fraudulent transactions exceed $333.5 million by November 2025.
93% of transactions on Athena Bitcoin machines in D.C. were linked to fraud.
AARP advocates for stricter Bitcoin ATM regulations, like daily deposit caps.

Federal Bureau of Investigation (FBI) reports indicate a significant and ongoing surge in cryptocurrency scams, with Bitcoin ATMs emerging as a favored method for criminals. These machines, exceeding 45,000 nationwide, allow swift cash-to-crypto conversions, presenting a challenge for victims seeking fund recovery.

Fraudulent activities linked to these kiosks have dramatically increased, with losses escalating from approximately $250 million in 2024 to over $333.5 million by November 2025. This trend highlights the growing appeal of crypto ATMs to scammers. In response, authorities are taking action, including a lawsuit against Athena Bitcoin alleging substantial undisclosed fees on victims.