In 2025, Americans lost over $11.3 billion to cryptocurrency scams, with a notable portion of these losses linked to crypto kiosks often found at gas stations. The FBI's Internet Crime Complaint Center (IC3) recorded 181,565 complaints related to cryptocurrency fraud last year, marking crypto as the largest contributor to internet crime losses, which totaled $20.9 billion.
Investment scams remain the primary source of these losses, accounting for roughly $7.2 billion across approximately 61,559 complaints. These scams typically involve extensive manipulation over weeks, leading victims to part with their funds. However, crypto kiosks have emerged as a growing concern. In 2025, 13,460 complaints associated with these machines resulted in $389 million in losses, a 58% increase from the previous year.
Demographic Impact and Regulatory Responses
Victims aged 60 and older suffered disproportionately from kiosk scams, losing about $257.4 million across 6,188 complaints, representing nearly two-thirds of kiosk-related losses. Experts note that by the time individuals reach a crypto kiosk, they are often deeply trapped in fraudulent schemes.
In response, some cities are tightening regulations. Spokane, Washington, enacted a ban on all crypto ATMs. Meanwhile, Washington, DC’s attorney general filed a lawsuit against Athena Bitcoin, alleging that 93% of its initial transactions in the area were fraudulent.
FBI Efforts and Prevention
The FBI's Operation Level Up focused on crypto ATM scrutiny and reportedly prevented losses amounting to $225.9 million in 2025. The increasing attention to crypto kiosks reflects their growing role in facilitating scams and the need for intensified oversight.
This surge in crypto-related crimes marks the first time the FBI’s annual reported internet crime losses surpassed $20 billion, underscoring how cryptocurrency fraud has expanded beyond a niche problem.
This article is for informational purposes and does not constitute financial advice.
