According to CNBC, based on data from the FBI, losses from cryptocurrency ATM fraud in the first half of 2025 reached up to $240 million, roughly double the number of similar fraud cases in 2024. An increasing number of cities are imposing bans on cryptocurrency ATMs, particularly in Spokane, Washington, which has become the largest city in the U.S. to prohibit all cryptocurrency ATMs. Multiple U.S. states are tightening regulations or discussing restrictions, including Arizona, Arkansas, Vermont, and the city of Saint Paul in Minnesota, all of which are considering following Spokane's example with a full ban. Globally, 80% of cryptocurrency ATMs are located in the U.S. From a demand perspective, the U.S. is a huge market, characterized by a significant population underserved by traditional banking, a large remittance channel, and relatively high cryptocurrency adoption.
U.S. Experiences $240 Million in Cryptocurrency ATM Fraud Losses in First Half of 2025
TechFlowShare
Summary
According to FBI data, the U.S. cryptocurrency market experienced $240 million in losses from cryptocurrency ATM fraud in the first half of 2025, with cases doubling compared to 2024. Spokane, Washington, has banned all cryptocurrency ATMs, while Arizona, Arkansas, Vermont, and St. Paul, Minnesota, are either tightening regulations or considering potential bans. The U.S. accounts for 80% of the world's cryptocurrency ATMs, driven by high adoption rates and unmet financial needs. Cryptocurrency analysis indicates that the sector remains a key focus for regulators.
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