The FBI reported over $333 million in losses from crypto ATM scams this year, with older Americans making up most known-age victims. A bipartisan group of lawmakers introduced a bill this week that would impose transaction limits and require scam warnings at crypto ATMs.
FBI Scam Data Reveals $333M Losses
Investigators documented more than $333 million in fraud from crypto ATMs in 2026. The bureau specified older Americans accounted for the majority of victims who disclosed their age. The report didn’t break down losses by region or time period beyond this year.
Transaction Limits and Warnings Proposed
The legislation would cap single crypto ATM transactions and set daily limits. Every kiosk must display scam warnings before users proceed. The bill also requires operators to keep transaction records and update kiosk locations weekly in a public database.
Older Americans at Higher Risk
The bill doesn’t include specific protections for older users despite the FBI data showing they’re the primary victims. This creates an unresolved question about whether the new rules will meaningfully shield the group most affected by these scams. Lawmakers haven’t addressed how the legislation targets this vulnerability.
