Crypto ATM Scams Surge: Americans Lose $388M in 2025, Experts Warn of Red Flags

October 20, 2026
Crypto ATM Scams Surge: Americans Lose $388M in 2025, Experts Warn of Red Flags
  • Beth’s case shows scammers exploiting urgency and fear, pressuring purchases of gift cards, and ultimately prompting her to alert authorities after a long, coercive interaction.

  • Experts warn about red flags such as insistence that you cannot hang up, secrecy, sole reliance on an unknown caller, and urgent, unusual money requests.

  • Crypto ATM scams are rising, with the FBI reporting Americans lost more than $388 million to such scams in 2025, a 58% jump from 2024.

  • Wisconsin data reveal crypto ATM scams caused over $43 million in losses in 2024, marking a 99% increase in cases within a year and signaling a growing threat.

  • Investigators stress the importance of reporting scams promptly to aid tracking, fund recovery, and disruption of perpetrators.

  • Criminals use cryptocurrency kiosks in public venues to funnel cash payments that are hard to reverse, often after a convincing scam call or remote instructions.

  • A Wisconsin woman, Beth, describes being lured by a fake fraud investigator over the phone, withdrawing cash, and depositing it into a bitcoin machine before recognizing the scam and seeking help.

  • Protection tips include refusing unknown calls, not transferring money or buying gift cards under pressure, and verifying claims with trusted sources before acting.

Summary based on 1 source


Get a daily email with more Crypto stories

Source

How you can protect yourself from crypto ATM scams

More Stories