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Randa Moses

Bitcoin Depot to verify IDs at all U.S. crypto ATMs after $333.5M scam losses in 2025

Bitcoin Depot has started enforcing identity checks for every transaction at its U.S. crypto ATM kiosks after rising fraud tied to these machines. The operator, which runs more than 25,000 kiosks globally, will also pay $1.9 million to the state of Maine to reimburse residents who lost funds in scams between 2022 and 2025. FBI figures show Americans lost $333.5 million to Bitcoin ATM scams in 2025, up 33.4% from $250 million in 2024.
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