Security
Florida residents report $33M in losses from crypto ATM scams since 2020
November 10, 2025
Florida residents have lost $33 million in crypto ATM scams since 2020. These account for around 1,740 victims of impersonation scams, where scammers pretend to be with government agencies and demand the victims deposit money into the ATMs, according to a report by Bio39.
"Those crypto ATMs are used for only two things, and that is for drug dealers to hide their money from law enforcement and for people to get scammed and send their money to people who are stealing from them," David Dietz, detective with the Fort Myers Police Department, said in a report by Gulf Shore Business.
In some cases, the scammers will tell the victim to take the receipt to the clerk of a court or a police station afterwards. Currently, Florida has been unable to pass laws to regulate crypto ATMs such as registering with the Office of Financial Regulation or posting warnings.
