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01/04/2026
Bitcoin ATM Fraud Hits Record High, $333 Million Pilfered In 2025: Report
Yahoo Finance
The FBI has revealed a drastic surge in Bitcoin (CRYPTO: BTC) ATM fraud, with swindlers making off with $333 million in 2025.
Scammers have been found to impersonate a bank or a company, flagging purported suspicious activity on the victim’s account. They then instruct the victim to deposit money into a Bitcoin ATM to secure their funds or rectify the issue. The deposited money, however, lands in the scammers’ account.
Bitcoin ATMs have seen a rapid rise in popularity in the US, with over 30,000 machines in operation in 2024, making up approximately 81.27% of the world’s Bitcoin ATMs.
The FBI’s Internet Crime Complaint Center (IC3) revealed that more than 10,000 people fell prey to Bitcoin ATM-related fraud in 2025 alone.
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