FBI: Crypto ATM scams caused $240 million in losses in the first half of 2025; several states are considering banning crypto ATMs.

According to a CNBC report by Mars Finance, data from the FBI shows that cryptocurrency ATM scams have caused losses of up to $240 million, roughly double the number of similar scams in 2024. Spokane, Washington, has implemented a complete ban on cryptocurrency ATMs, becoming the largest city-level ban in the United States. Several other US states are tightening regulations or discussing restrictions, including Arizona, Arkansas, Vermont, and St. Paul, Minnesota, which are also considering following Spokane's example with a complete ban. 80% of the world's cryptocurrency ATMs are located in the United States.