The US CFTC warns of a surge in cryptocurrency ATM fraud, reporting losses of over $388 million in 2025

The US CFTC stated that fraudsters use encrypted ATMs, gift cards, unfamiliar applications, and errand delivery to induce victims to transfer funds. FBI data shows that in 2025, the reported losses of encrypted ATM related fraud exceeded $388 million, a year-on-year increase of 58%. The CFTC reminds government agencies, legitimate financial institutions, or trusted enterprises not to require users to transfer funds through encrypted ATMs, gift cards, or errand delivery methods.