CFTC Warns Crypto ATM Scams Drain Over $388 Million from US Consumers

The Commodity Futures Trading Commission (CFTC) has issued a warning to U.S. consumers about scammers using crypto ATMs, unfamiliar apps, gift cards, and couriers to obtain payments that are difficult to reverse.

Crypto ATM scams led to over $388 million in reported losses during 2025, with complaints rising 23% nationwide overall compared to the previous year.

More than half of kiosk complaints involved people over 50, accounting for $302 million lost. The CFTC warned that crypto ATM transfers are usually immediate, irreversible, and difficult to trace afterwards.