How did FBI-reported losses from crypto ATM scams increase in 2025?
According to the FBI, Americans lost more than $333 million to crypto ATM scams in 2025. This figure represents a 33 percent increase from the previous year, with individuals aged 60 and older accounting for over 85 percent of the reported losses.
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FBI-reported losses from crypto ATM scams in 2025 increased significantly to over $333 million, marking a 33% rise from the previous year and highlighting a growing threat to older Americans.
Key points:
- Disproportionate Impact on Seniors: Individuals aged 60 and older account for more than 85% of the reported losses in these cases, reflecting their heightened vulnerability to such scams.
- Overall Elder Fraud Spike: Broader internet crime data indicates that adults 60 and older filed over 201,000 complaints in 2025, with total reported losses exceeding $7.7 billion, which is roughly 37% higher than the previous year.
- New Legislation: In June 2026, Representatives María Elvira Salazar (R-FL) and Sean Casten (D-IL) introduced the Stop Crypto ATM Scams Act. This bipartisan bill aims to strengthen consumer protections and increase transparency for crypto ATM operators.
- Common Tactics Used: Scammers typically exploit urgency, fake trust, and fear, often asking for unusual payment methods. Recognizing these red flags is critical for seniors and their caregivers.
- Recommended Actions: If you or a loved one has been targeted, contact the FBI's Internet Crime Complaint Center (IC3) and your local bank immediately. Staying informed and encouraging open communication with older relatives can help mitigate financial risks.
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