CertiK's latest report reveals that cryptocurrency ATM fraud resulted in $330 million in losses in 2025, marking a 33% increase from the previous year. This surge highlights the growing sophistication of fraud tactics, with criminals leveraging social engineering and AI technologies. The report underscores the vulnerability of seniors, who accounted for 86% of the losses, with a median victim age of 71.
The report details how fraudsters exploit cryptocurrency ATMs to convert scam funds into digital assets, making recovery nearly impossible. With approximately 45,000 ATMs worldwide, 78% in the U.S., these machines have become a preferred channel for fraud. Criminal networks use AI-driven scams and a "divide and conquer" strategy to evade regulatory scrutiny, further complicating law enforcement efforts.
CertiK emphasizes the need for systemic prevention, recommending real-time risk verification at the transaction entry point and enhanced KYC procedures. The report warns that without coordinated efforts among technology, regulation, and law enforcement, the threat of crypto ATM fraud will continue to escalate, particularly affecting the elderly.
Crypto ATM Fraud Surges to $330M in 2025, CertiK Reports
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