Summary
- Oh dear, the devious scammers have swindled over $333 million from unsuspecting Americans through Bitcoin ATMs! 🐍💸 The FBI says these crooks are as sneaky as a fox in a chicken coop.
- Scammers impersonate officials or banks, pressuring victims into feeding cash into Bitcoin ATMs like they’re tossing coins into a mischievous piggy bank! 🕵️♂️ Once the money’s gone, it’s faster than a wink and harder to catch than a greasy fish.
- With over 45,000 Bitcoin ATMs now operating in the U.S., regulators are scratching their heads, muttering, “Why did we think this was a good idea?” 🧠💣
Scammers defrauded Americans of more than $333 million through Bitcoin ATM schemes between January and November 2025, according to data released by the Federal Bureau of Investigation. 🐍💰 The FBI says these scams are “not slowing down” – which is a bit of an understatement, really.
Crypto scams increase
The figure represents a significant increase from approximately $250 million in losses recorded during 2024, the FBI stated. The agency indicated that cryptocurrency-related scams involving the kiosks are “not slowing down.” 🐢💨
The FBI attributed the growth in fraudulent activity to the expanding number of Bitcoin ATMs and the speed with which funds can be transferred irreversibly. Bitcoin ATMs enable users to insert cash and send cryptocurrency directly to digital wallets. 🚀
Scammers frequently exploit the process by instructing victims to deposit money at the machines under false pretenses, according to the FBI. Common tactics include fraudulent claims involving government agencies, financial institutions or urgent payment demands. Once funds are sent, recovery is extremely difficult, law enforcement officials stated. 🕵️♀️🧩
The FBI noted that the speed and finality of cryptocurrency transactions make Bitcoin ATM scams particularly effective for criminals. More than 45,000 Bitcoin ATMs currently operate across the United States, according to the report. 🏙️💸
The growing availability of the machines continues to create new opportunities for fraud as scammers adapt their tactics, the FBI warned. The agency urged the public to remain cautious and avoid sending money through cryptocurrency kiosks in response to unsolicited requests or pressure tactics. 🚨🧠
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2026-01-05 12:14