2025 crypto ATM scam losses exceed $388 million, up 58% year-over-year, US CFTC issues warning

Odaily News: The US CFTC stated that fraudsters are increasingly using crypto ATMs, gift cards, unfamiliar apps, and courier delivery services to induce victims to transfer funds. FBI data shows that reported losses from crypto ATM-related scams in 2025 exceeded $388 million, a 58% increase year-over-year. The US CFTC reminds the public that government agencies, legitimate financial institutions, or trusted businesses will never ask users to transfer money via crypto ATMs, gift cards, or courier services. If encountering such instructions, individuals should immediately pause and independently verify the request.