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FBI: In the first half of 2025, crypto ATM scam losses reached $240 million, and multiple states are considering banning crypto ATMs.
PANews January 11 News, according to CNBC, based on FBI data, cryptocurrency ATM scams caused losses of up to $240 million in the first half of 2025, approximately twice the number of similar scam cases in 2024. Spokane, Washington, has fully banned cryptocurrency ATMs, becoming the largest city-level ban in the United States. Several US states are tightening regulations or discussing restrictions, including Arizona, Arkansas, Vermont, and St. Paul, Minnesota, which are also considering following Spokane’s comprehensive ban. Globally, 80% of cryptocurrency ATMs are located in the United States.