Cryptocurrency ATM Scams Soar in 2025, with $388 Million in Losses

The FBI's Internet Crime Complaint Center (IC3) has released data showing a sharp rise in cryptocurrency ATM scams. According to the report, IC3 received over 13,400 complaints regarding the use of cryptocurrency kiosks in 2025, resulting in losses exceeding $388 million.

Compared to 2024, the number of complaints increased by 23%, while the amount of losses rose by 58%. Notably, more than half of the complaints involved individuals aged 50 or older, with losses totaling over $302 million.

Cryptocurrency kiosks are electronic terminals that allow users to exchange cash and cryptocurrency. Scammers often lure victims into sending money through these devices using detailed instructions on how to withdraw funds from banks and locate kiosks for deposits and remittances.