- Scammers have stolen over $333 million from Americans using Bitcoin ATMs in just one year.
- The reported losses cover the period from January through November, showing a significant increase from the previous year.
- The FBI warns that crypto scams are “not slowing down” and are becoming increasingly sophisticated.
Crypto Scams on the Rise: Bitcoin ATMs Used to Steal $333 Million
A recent report by the Federal Bureau of Investigation (FBI) has revealed that scammers have used Bitcoin ATMs to steal a staggering $333 million from Americans in just one year. The reported losses, which cover the period from January through November 2025, represent a sharp increase from the roughly $250 million recorded in the previous year. This alarming trend has prompted the FBI to warn that crypto scams are “not slowing down” and are becoming increasingly sophisticated.
The Rise of Crypto Scams
The use of Bitcoin ATMs to facilitate crypto scams is a relatively new phenomenon, but it has quickly become a popular method for scammers to exploit unsuspecting victims. These scams often involve convincing individuals to deposit cash into Bitcoin ATMs, which are then used to purchase cryptocurrencies that are subsequently transferred to the scammers’ wallets. The FBI has warned that these scams can be highly convincing, with scammers using tactics such as phishing, social engineering, and fake investment opportunities to lure victims into their traps.
Warning Signs and Prevention
To avoid falling victim to these scams, it is essential to be aware of the warning signs. These include unsolicited investment opportunities, requests to deposit cash into Bitcoin ATMs, and promises of unusually high returns. The FBI has also warned that scammers often use high-pressure tactics to convince victims to act quickly, without doing their due diligence. By being cautious and doing thorough research, individuals can protect themselves from these scams and avoid losing their hard-earned money.
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