Bitcoin ATM Fraud Hits Record High, $333 Million Pilfered In 2025: Report

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The FBI has revealed a drastic surge successful Bitcoin (CRYPTO: BTC) ATM fraud, with swindlers making disconnected with $333 cardinal successful 2025.

Scammers person been recovered to impersonate a slope oregon a company, flagging purported suspicious enactment connected the victim’s account. They past instruct the victim to deposit wealth into a Bitcoin ATM to unafraid their funds oregon rectify the issue. The deposited money, however, lands successful the scammers’ account.

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Bitcoin ATMs person seen a accelerated rise in popularity successful the US, with implicit 30,000 machines in operation successful 2024, making up astir 81.27% of the world’s Bitcoin ATMs.

The FBI’s Internet Crime Complaint Center (IC3) revealed that much than 10,000 people fell prey to Bitcoin ATM-related fraud successful 2025 alone.

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“Based connected IC3 reporting, data shows from January to November of 2025 determination are over 12,000 complaints and implicit $333.5 million successful monetary losses, an increase compared to the same time span past year,” the FBI said successful a statement.

In 2024, the Federal Trade Commission (FTC) highlighted that cryptocurrency scams tin beryllium much financially ruinous than different types of fraud.

Bitcoin ATMs were responsible for $114 cardinal successful reported losses successful 2023 and $78 million successful losses successful 2022, indicating a much than twofold summation successful conscionable 2 years.

The FTC has issued a informing to the nationalist to workout caution when contacted by a bank or company, encouraging them to verify telephone numbers and scope retired to companies directly.

The bureau besides suggests not rushing transactions arsenic scammers often property for a speedy transaction.