PANews reported on January 11th, citing CNBC, that according to FBI data, cryptocurrency ATM scams will cause losses of up to $240 million in the first half of PANews reported on January 11th, citing CNBC, that according to FBI data, cryptocurrency ATM scams will cause losses of up to $240 million in the first half of
FBI: Crypto ATM scams lost $240 million in the first half of 2025; several states are considering banning crypto ATMs.
PANews reported on January 11th, citing CNBC, that according to FBI data, cryptocurrency ATM scams will cause losses of up to $240 million in the first half of 2025, roughly double the number of similar scams in 2024. Spokane, Washington, has implemented a complete ban on cryptocurrency ATMs, becoming the largest city-level ban in the United States. Several other US states are tightening regulations or discussing restrictions, including Arizona, Arkansas, Vermont, and St. Paul, Minnesota, which are also considering following Spokane's example with a complete ban. 80% of the world's cryptocurrency ATMs are located in the United States.
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