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

Core Insights - The FBI reported a significant increase in Bitcoin ATM fraud, with losses reaching $333 million in 2025 [1][2] - Over 10,000 individuals were victims of Bitcoin ATM-related fraud in 2025, highlighting the growing issue [2] - The Federal Trade Commission (FTC) noted that cryptocurrency scams, particularly involving Bitcoin ATMs, are becoming increasingly financially damaging [3] Industry Trends - The number of Bitcoin ATMs in the US surged to over 30,000 in 2024, accounting for approximately 81.27% of the global total [2] - Reported losses from Bitcoin ATMs increased from $78 million in 2022 to $114 million in 2023, indicating a more than twofold rise in just two years [3] Fraud Mechanisms - Scammers impersonate banks or companies, convincing victims to deposit money into Bitcoin ATMs under the pretense of securing their funds [1] - The FBI's Internet Crime Complaint Center (IC3) recorded over 12,000 complaints related to Bitcoin ATM fraud from January to November 2025, with total monetary losses exceeding $333.5 million [2]