CFTC warns crypto ATM scams drove $388M in losses

The Commodity Futures Trading Commission warned U.S. consumers on Aug. 26 about scammers using crypto ATMs, unfamiliar applications, gift cards and couriers to obtain payments that are difficult to reverse. Summary Crypto ATM scams were linked to more than $388 million in reported losses during 2025. Reported crypto kiosk losses increased 58% from 2024, while complaint volumes rose 23% nationwide overall. More than half of kiosk complaints involved people over 50, accounting for $302 million lost. CFTC warned that crypto ATM transfers are usually immediate, irreversible and difficult to trace afterward. FBI cautioned that reported kiosk cases sometimes included losses from other payment methods as well. The warning follows FBI data showing more than 13,400 cryptocurrency kiosk complaints and over $388 million in reported losses during 2025. Complaints rose 23% from 2024, while reported losses increased 58%. The FBI cautioned that actual losses may be higher because many victims do not report fraud. Its figures also include cases involving other payment channels, meaning the entire $388 million cannot be attributed solely to crypto ATM deposits. #Crypto ATMs might look familiar, but...