Key facts
- Texans reported $56.8 million in losses to cryptocurrency kiosks in 2025.
- Texas reported the highest cryptocurrency kiosk scam losses in the U.S. in 2025.
- National losses to cryptocurrency kiosk scams surged 58% in 2025.
- Total national losses to cryptocurrency kiosk scams reached $389 million in 2025.
- AI-driven impersonations are exacerbating cryptocurrency kiosk scams.
- Texas lawmakers are considering a ban on cryptocurrency kiosks.
Texans lost $56.8 million to cryptocurrency kiosk scams in 2025, a figure that represents the highest reported losses in the United States for that year. This substantial financial impact has led state lawmakers to consider implementing a ban on these cryptocurrency kiosks. Nationally, losses to such scams surged by 58% in 2025, reaching a total of $389 million. A significant factor contributing to this increase in fraud is the growing use of AI-driven impersonations, which have made it easier for scammers to deceive victims and exacerbate fraudulent activities.