Critical

FBI: $388 million lost in crypto ATM scams in 2026

Help Net Security

May 20, 2026 at 11:23 AM

Actively Exploited

Overview

In 2025, Americans lost over $388 million to scams involving cryptocurrency kiosks, commonly known as Bitcoin ATMs. The FBI has noted a troubling trend where scammers are increasingly directing victims to these machines to transfer funds, often under false pretenses. Crypto kiosks allow users to buy and sell cryptocurrencies with cash or cards, and are typically found in busy public areas. This surge in losses emphasizes the need for increased public awareness about these scams, as many victims may not realize they are interacting with fraudsters until it is too late. The situation raises significant concerns about the security of cryptocurrency transactions and the effectiveness of current consumer protections.

Key Takeaways

Active Exploitation: This vulnerability is being actively exploited by attackers. Immediate action is recommended.
Affected Systems: Cryptocurrency kiosks (Bitcoin ATMs)
Action Required: Users should exercise caution when using crypto kiosks, verify the legitimacy of transactions, and report any suspicious activity to authorities.
Timeline: Ongoing since 2025

Original Article Summary

Americans lost more than $388 million to crypto kiosk scams in 2025, with the FBI warning that criminals are increasingly directing victims to transfer funds through these machines. Cryptocurrency kiosks, popularly known as Bitcoin ATMs, are physical automated teller machines that allow users to buy cryptocurrencies with cash or card, and some also let users sell digital assets for cash. Like regular ATMs, they are commonly located in public places with high foot traffic. “In … More → The post FBI: $388 million lost in crypto ATM scams in 2026 appeared first on Help Net Security.

Impact

Cryptocurrency kiosks (Bitcoin ATMs)

Exploitation Status

This vulnerability is confirmed to be actively exploited by attackers in real-world attacks. Organizations should prioritize patching or implementing workarounds immediately.

Timeline

Ongoing since 2025

Remediation

Users should exercise caution when using crypto kiosks, verify the legitimacy of transactions, and report any suspicious activity to authorities.

Additional Information

This threat intelligence is aggregated from trusted cybersecurity sources. For the most up-to-date information, technical details, and official vendor guidance, please refer to the original article linked below.

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