According to ABC News, the FBI stated that in 2025, Americans lost over $333 million to Bitcoin ATM scams, a significant increase from previous years. Bitcoin ATMs allow users to quickly transfer cash to any digital wallet globally; once a transaction is completed, it is almost impossible to recover the funds, making them a common tool for scammers. Previously, prosecutors in Washington, D.C., indicted Athena Bitcoin, a major Bitcoin ATM operator, alleging that it charged exorbitant hidden fees and that a large number of transactions were suspected of fraud; the company denied the allegations. As cases increase, several U.S. states have moved to strengthen regulations, and some regions are even considering restricting or banning such devices.
FBI: By 2025, Americans had lost over $333 million to Bitcoin ATM scams.
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