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Americans lost $333M to bitcoin ATM scams in 2025. Here's why they're surging, how they work and how to protect yourself
Bitcoin was supposed to cut out the middleman. Instead, it’s become a middleman’s dream for scammers.
In 2025 alone, Americans lost more than $330 million to bitcoin ATM scams, according to FBI data, a sharp rise fueled by urgency, impersonation, and technology many consumers barely understand. Now, one of the country’s largest crypto kiosk operators is paying the price.
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Bitcoin Depot, which operates more than 25,000 bitcoin ATMs across the U.S., has agreed to pay $1.9 million to the state of Maine as part of a settlement designed to compensate residents who were scammed using its machines. The...