Crypto ATMs’ minimal verification and fast transactions let criminals turn cash into digital assets in minutes, often before victims notice.

A new report from blockchain security firm CertiK warns that crypto ATM scams are rising sharply across the United States (U.S.). In 2025 alone, criminals stole roughly $333.5 million, highlighting the risks tied to cash-to-crypto kiosks.

These alarming losses are partly due to the design of crypto ATMs, which makes them attractive targets for criminals. Their structure enables fast transactions with minimal identity verification. This allows cash to be converted into digital assets in under five minutes, often before victims even…