Crypto ATM fraud in the US ballooned to $333 million in 2025, with the FBI noting a 33% increase in complaints as criminals are increasingly utilizing advanced AI deepfake technology.

According to a report by the cybersecurity firm CertiK, crypto ATMs are becoming a dangerous tool for scammers, representing one of the fastest-growing financial crimes. The ease of converting cash to cryptocurrency within minutes and the ability to evade extensive identity checks make these kiosks appealing to malicious actors.

The FBI documented over 12,000 complaints between January and November 2025, indicating a consistent trend of exploitation. This year also marked a rise in older victims, with about 86% of losses affecting people over 60, who are often targeted due to their limited crypto knowledge and social isolation.

Five Approaches to ATM Fraud The five types of ATM fraud approaches. Source: CertiK

AI-related scams reportedly yielded 4.5 times the profits of traditional fraud methods, as criminals are now part of organized networks that apply corporate-like tactics for efficiency in their schemes. Senator Cynthia Lummis expressed hope that new crypto market structure legislation will help address these issues, emphasizing the need to punish wrongdoers without stifling innovation.

Citizens are advised to remain vigilant against these continually evolving methods of fraud, especially in the realm of cryptocurrency and associated transactions.