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flag Americans lost $333 million to crypto scams in 2025, mostly via Bitcoin ATMs, with elderly victims targeted by fraud.

flag Americans lost $333 million to cryptocurrency scams in 2025, primarily through Bitcoin ATMs, according to the FBI, marking a sharp rise from $250 million in 2024. flag Scammers increasingly target elderly individuals using fake investment schemes, impersonation, and social engineering, often tricking victims into sending money to fraudulent addresses. flag The FBI warns the trend is accelerating, with nearly 45,000 Bitcoin ATMs nationwide and nearly all transactions in some areas deemed fraudulent. flag At least 17 states have enacted regulations, and some localities have banned the machines. flag AARP urges stronger oversight, including daily deposit limits, as recovery of lost funds is nearly impossible once sent.

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