ME News reports that on August 27 (UTC+8), the U.S. Commodity Futures Trading Commission (CFTC) issued a consumer alert warning that scammers often impersonate government agencies, investment firms, utility providers, or technical support personnel to trick victims into withdrawing cash from their banks and depositing it into crypto ATMs (Bitcoin ATMs / crypto kiosks) via designated wallet addresses or QR codes—funds transferred in this manner are typically irreversible. According to data from the FBI’s Internet Crime Complaint Center, losses from scams involving crypto ATMs exceeded $3.88 billion in 2025, a 58% increase from the previous year. (Source: Foresight News)
U.S. CFTC Warns of Cryptocurrency ATM Scams with $388 Million in Losses in 2025
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Summary
The U.S. Commodity Futures Trading Commission (CFTC) issued a consumer alert on August 27 warning about cryptocurrency market scams involving ATMs. Scammers impersonate government or tech personnel, directing victims to deposit cash into crypto ATMs using wallet addresses or QR codes. FBI data shows losses exceeded $388 million in 2025, a 58% increase from 2024. On-chain data reveals growing red flags in these transactions.
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