Bitcoin ATM Fraud Losses

Benzinga

The Federal Bureau of Investigation said losses from Bitcoin ATM fraud topped $333.5M in 2025, highlighting a sharp rise in crypto-related scams that disproportionately affect older Americans, according to ABC News.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:03The Federal Bureau of Investigation said fraudsters used Bitcoin ATM machines to steal more than

00:07$333.5 million from Americans between January and November 2025, according to ABC News.

00:16The figure rose from about $250 million in losses reported in 2024.

00:21The FBI told ABC News, the increase shows a clear and constant rise in fraud

00:26tied to cryptocurrency kiosks. The Bureau said more than 45,000 Bitcoin ATMs operate nationwide,

00:34allowing cash to be sent quickly to digital wallets, with funds often hard to recover.

00:39Requesting cryptocurrency has become the top payment method used by criminals.

00:44Washington, D.C. sued Athena Bitcoin in September, alleging that 93% of transactions on its machines

00:50involved fraud and that the median age of victims was 71 years.

00:54AARP has urged stricter regulation, and at least 17 states have passed laws governing Bitcoin ATMs.

01:01For all things money, visit Benzinga.com.

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