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FBI: Cryptocurrency ATM Scam Losses Reach $240 Million in First Half of 2025, Multiple States Considering Banning Crypto ATMs
According to CNBC, data from the Federal Bureau of Investigation (FBI) shows that cryptocurrency ATM scams have resulted in losses of up to $240 million, roughly double the number of similar scam cases in 2024. Spokane, Washington, has fully banned crypto ATMs, becoming the largest city-level ban in the United States.
Several other states are tightening regulations or discussing restrictions, including Arizona, Arkansas, Vermont, and St. Paul, Minnesota, which are also considering following Spokane's example of a comprehensive ban. 80% of global crypto ATMs are located in the United States.