xxx
Recent data highlight the growing scale of fraud harms. The FBI reports that Americans aged 60 and older lost more than $3.4 billion to scams in 2023.2 Industry analyses also indicate that deepfake-enabled fraud attempts increased by roughly 3,000 percent between 2022 and 2023 as generative AI tools became more widely available.3 Globally, the Global Anti-Scam Alliance estimates that scam losses exceeded $1 trillion over a recent 12-month period.4
From: Agentic Commerce: Is This Really the Best We Can Do?.
xxx
xxx
Jan 3, 2026, 10:36 AM GMT
Share
SaveSaved
Bitcoin ATM fraud hit $333 million in losses in 2025, the FBI said.
Over 10,000 people have fallen victim to bitcoin ATM scams, with older adults being the most affected.
Bitcoin ATM fraud losses have more than doubled since 2022, according to FTC data.
Bitcoin ATM fraud reached new highs in 2025, with scammers reportedly stealing $333 million from victims, the FBI said.
From: Bitcoin ATM Fraud Rises As FBI Reports $333 Million Stolen in 2025 – Business Insider.
xxx
xxx
In December 2024, criminals stole thousands of dollars from Steve Beckett at a Circle K convenience store in Indiana. The robbery happened in broad daylight.
The thieves didn’t use a gun or a knife. There was no getaway car. The instrument of the crime was a machine, much like an ATM, owned by Bitcoin Depot and placed in the convenience store as part of a nationwide agreement with Circle K.
Beckett, 66 at the time, had been paying bills at home when his computer froze and a message directed him to call what turned out to be a phony Microsoft service hotline.
On the phone, a man named “Josh” told Beckett that someone had hacked his computer and used his credit cards and bank accounts to purchase child pornography. Soon, Beckett was speaking to another man, who claimed to work at his bank, and then someone else, who said he represented the Federal Reserve. His life savings were at risk, the men said, and there was only one way to protect them: converting the money into bitcoin.
Over the course of two days, the men cajoled and threatened Beckett, warning him he could go to prison. He had spent years working in management at a casino and selling securities and felt something was wrong, but he was terrified.
“My heart was racing, my blood pressure’s going through the roof,” he said.
Panicked, Beckett withdrew $4,000 from his bank and, at the men’s direction, drove to a Circle K with a Bitcoin Depot ATM. Beckett had never bought bitcoin and knew little about it, but he didn’t ask too many questions. On the phone, one of the men walked him through how to deposit the funds. “I was shaking like a leaf,” he said. The next day, he deposited another $3,000.
The machine, often called a crypto ATM or bitcoin ATM, converted the cash into bitcoin and transferred it to a digital address the men provided. For completing the transaction, Bitcoin Depot received about $2,000 in fees.
From: Retailers keep cashing in on crypto ATMs as scams surge – ICIJ.
xxx
xxx
An 80-year-old man in Sunrise was the victim of a fraud that cost him and his family nearly $60,000, according to police.
Leer en español
After his son reported it to police, the victim told a police officer that he was on his computer when a pop-up window opened and he clicked on it.
“He began receiving messages and phone calls from unknown numbers,” a police officer wrote after meeting with the victim on Oct. 6, according to a police report.
The scammer manipulated the victim into making withdrawals from JPMorgan Chase, driving to a Bitcoin ATM at 10129 West Oakland Park Boulevard, and using it to send $57,420 in Bitcoin to two wallets, according to a police report.
From: Police: Scammer impersonating bank employee uses Bitcoin ATM to steal nearly $60,000 from Sunrise victim.
xxx
xxx
In a lawsuit against Bitcoin Depot filed in early 2025, Iowa’s attorney general wrote that an analysis of transactions conducted in the state on the company’s machines between October 2021 and July 2024 suggested that more than half involved scams.
From: Retailers keep cashing in on crypto ATMs as scams surge – ICIJ.
xxx
xxx
It emerged that, in this case, Lloyds had done a really good job of not only spotting the potential fraud but alerting James to it.
The bank blocked a number of transactions, it spoke to James on the phone to warn him and even called him into a branch to speak to him face-to-face.
However, the scammer’s hold over James was so strong after being indoctrinated to this supposed plight, he insisted the payments went through.
After our investigation began, though, Lloyds carried out a thorough review of James’ case.
In a statement it said it had a great deal of sympathy for James and his family.
“Sadly in this case, our customer did not take appropriate steps to verify that the person he met online was genuine. We blocked a number of the transfers and provided warnings about the risk of this being a scam, however he chose to proceed with the transactions.
“Given the complexity of this case and his personal circumstances at that time, we have now provided a full refund of the money he lost to the fraudsters.”
From: Fraud victim gets surprise £153,000 refund despite rules – BBC News.
xxx