Bitcoin ATM Fraud Is Draining Millions from Americans, the FBI Warns

It’s 2026, and the FBI is sounding the alarm over Bitcoin ATM fraud.

Americans lost at least $333 million in 2025 to cryptocurrency ATM scams, the law enforcement agency says. While anyone can fall victim, older adults are especially vulnerable, often because scammers exploit fear, a sense of urgency, and a lack of familiarity with cryptocurrency.

Bitcoin ATMs may look like ordinary cash machines, but they operate very differently. Transactions are irreversible, and the funds are extremely har