# Americans are losing millions to scammers at crypto ATMs

Source: https://edition.cnn.com/interactive/2025/10/us/crypto-atm-scams-companies-profit-invs-vis
Kiwi News: https://news.kiwistand.com/stories/Americans-are-losing-millions-to-scammers-at-crypto-ATMs?index=0x68eea7eb001f08092cd346d78ff4c6c91b14d8b1f91a1a161da23690c3a6980753ef2cdd
Submitted by misha on 2025-10-14 UTC, 1 upvote, 0 comments

## Summary

CNN's investigation finds that US crypto ATM companies profit from scams while doing too little to stop them, a claim the companies strongly dispute. Its review of more than 700 criminal cases and complaints found the firms often mark up cryptocurrency prices by 20% to 30% or more, and the FBI reported about $240 million in losses to crypto ATM scams in the first six months of the year. The FTC found fraud losses involving the machines rose from about $12 million in 2020 to $114 million in 2023. Bitcoin Depot said scams account for only a very small share of its transactions.