Scammers have taken greater than $333 million from People in only one 12 months utilizing Bitcoin ATMs, based on new knowledge launched by the Federal Bureau of Investigation and reported by ABC Information.
The reported losses in 2025 cowl the interval from January via November 2025 and signify a pointy improve from roughly $250 million recorded in 2024.
The FBI says crypto-related scams involving these kiosks are “not slowing down.”
The FBI attributes the expansion to the increasing variety of Bitcoin ATMs and the convenience with which funds will be transferred rapidly and irreversibly.
Bitcoin ATMs enable customers to insert money and ship cryptocurrency on to digital wallets.
The FBI says scammers often exploit this course of by instructing victims to deposit cash on the machines beneath false pretenses, together with claims involving authorities companies, monetary establishments or pressing cost calls for.
As soon as funds are despatched, legislation enforcement says restoration is extraordinarily troublesome. The FBI notes that the velocity and finality of those transactions make Bitcoin ATM scams notably efficient for criminals.
In line with the report, greater than 45,000 Bitcoin ATMs function throughout america.
The FBI warns that the rising availability of the machines continues to create new alternatives for fraud as scammers adapt their ways.
The company urges the general public to stay cautious and keep away from sending cash via cryptocurrency kiosks in response to unsolicited requests or strain ways.
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