FBI: Crypto ATM Fraud Complaints Top 13,400 in 2025; Losses Surpass $388M

The FBI's Internet Crime Complaint Center (IC3) reported that it received more than 13,400 complaints in 2025 tied to fraud involving cryptocurrency ATMs, with total reported losses exceeding $388 million. The figures mark a 23% rise in complaints and a 58% jump in losses from 2024. People aged 50 and older accounted for more than half of all complaints, with losses above $302 million, according to IC3. Crypto ATMs function much like traditional ATMs, enabling users to convert cash to cryptocurrency and back. IC3 said scammers often manipulate victims into sending money through these machines, typically by giving step-by-step instructions on withdrawing cash from a bank, finding a crypto ATM, and using it to deposit and transfer funds. IC3 noted the data covers complaints specifically connected to crypto ATM fraud and that the reported losses may not be attributable solely to the ATMs themselves.