Cryptocurrency kiosks, also known as crypto ATMs, are becoming a major tool for fraud in Oregon. These machines, often found in gas stations and convenience stores, allow users to convert cash into cryptocurrency. Scammers exploit these kiosks by tricking victims into depositing cash into criminal-controlled digital wallets, making the stolen money nearly impossible to recover.
According to 2025 FBI data, cryptocurrency kiosk fraud is a growing threat, particularly for older adults. Nationwide, there were 13,460 complaints, resulting in $389 million stolen. In Oregon alone, victims reported 256 complaints and over $5.2 million in losses. Adults aged 60 and older accounted for about 75% of these crimes, with an average loss of $41,607.
One Oregonian, Melinda, fell victim to such a scam in March 2025. Scammers posed as Microsoft technicians, claiming her computer had been hacked. They manipulated her into withdrawing thousands of dollars and depositing the cash into a cryptocurrency kiosk. The scammers also pressured her to buy gift cards and transfer funds from her investment accounts, warning her not to tell anyone.
Kiosk companies profit from these crimes, earning between 20-40% per transaction. In one case, an Oregon victim lost over $8,000 using a Coinhub machine, but the company refused to refund the 33% they made from her crime. States investigating these machines have found they are used almost exclusively for fraud, drug trafficking, or money laundering.