- They are often found around gas stations, convenience stores, and other easily accessible locations.
- Cybercriminals ask potential victims to deposit their cash into crypto kiosks that then transfer the funds to attacker-controlled crypto wallets.
FBI: Americans lost over $388 million to scams using crypto ATMs in 2025
By Sergiu GatlanMay 19, 2026
03:45 PM
Earlier this month, Minnesota lawmakers banned cryptocurrency kiosks statewide, after similar moves from Indiana in March and Tennessee in April.
In a public service announcement published on Friday, the bureau warned of a nearly 60% surge in reported losses to crypto ATM scams compared with the previous year.
- being wary when anyone claiming to be from the government or law enforcement demands cryptocurrency payments,
- stopping transactions if a kiosk operator warns you of fraud, and
- always keeping receipts for cryptocurrency transactions.
The FBI's 2025 Internet Crime Report says the law enforcement agency received over 1 million complaints through its Internet Crime Complaint Center (IC3) last year, linked to almost $21 billion in losses from cyber-enabled crimes such as investment scams, tech support fraud, and business email compromise.
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