Crypto ATM scams resulted in $388 million in losses in 2025, per CFTC warning

The CFTC warned US consumers about scammers using crypto ATMs, gift cards, and couriers as irreversible payment vectors, citing FBI data showing 13,400+ complaints and $388 million in reported losses in 2025. Web3 builders should recognise that on-ramp and off-ramp infrastructure is now a primary fraud vector; custody, KYC automation, and scam detection become differentiators for ATM operators and exchange platforms.

Source: Gadgets 360 ↗