The FBI reports that Bitcoin ATM fraud activities are surging, with scammers stealing over $333.5 million from more than 10,000 victims in 2025. Criminals impersonate banks or companies, claiming suspicious account activity, and force victims to deposit funds via Bitcoin ATMs, which then go directly to the scammers. The reported losses more than doubled from $114 million in 2023, highlighting the increasing threat as there are over 30,000 such machines operating in the United States.
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The FBI reports that Bitcoin ATM fraud activities are surging, with scammers stealing over $333.5 million from more than 10,000 victims in 2025. Criminals impersonate banks or companies, claiming suspicious account activity, and force victims to deposit funds via Bitcoin ATMs, which then go directly to the scammers. The reported losses more than doubled from $114 million in 2023, highlighting the increasing threat as there are over 30,000 such machines operating in the United States.