Texas, Florida top list of states reporting millions of dollars lost through crypto ATMs

The FBI reported that cryptocurrency ATMs were used in more than 13,400 scams in 2025, resulting in over $388 million in losses—a notable year-over-year increase—with victims often instructed by fraudsters to withdraw funds and send cryptocurrency via kiosks; the report highlights state-level impacts, lawsuits against kiosk operators, and regulatory actions including bans and proposed limits.