According to ChainCatcher, as reported by CNBC, losses from cryptocurrency ATM scams have reached up to $240 million, doubling the number of similar fraud cases in 2024, according to data from the U.S. Federal Bureau of Investigation (FBI). Spokane, Washington has fully banned cryptocurrency ATMs, becoming the largest city-level ban in the United States. Multiple U.S. states are tightening regulations or discussing restrictions, including Arizona, Arkansas, Vermont, and St. Paul, Minnesota, which are also considering following Spokane's example of a full ban. 80% of global cryptocurrency ATMs are located in the United States.
FBI Reports $240M in Crypto ATM Fraud Losses in 2025, Multiple U.S. States Consider Bans
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Summary
The FBI reported $240 million in cryptocurrency ATM fraud losses in the first half of 2025, with cases doubling compared to 2024. Spokane, Washington, has banned cryptocurrency ATMs, marking the largest city-level action in the U.S. Arizona, Arkansas, Vermont, and St. Paul in Minnesota are also considering imposing restrictions. The U.S. accounts for 80% of the world's cryptocurrency ATMs. With the Markets in Crypto-Assets (MiCA) regulation nearing finalization in the EU, global regulatory pressure is increasing. Concerns over consumer protection and financial crime (CFT) are driving stricter oversight in key markets.
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