Texans lost $56.8 million to cryptocurrency kiosks in 2025, more than residents of any other state, according to FBI figures presented to a state legislative committee on Thursday. Texas acco
Texans lost $56.8 million to cryptocurrency kiosks in 2025, more than residents of any other state, according to FBI figures presented to a state legislative committee on Thursday. Texas accounted for 1,179 of the 13,460 complaints the bureau recorded nationally that year, a period in which reported losses to the machines rose 58% to $389 million.
The kiosks accept cash and convert it to cryptocurrency, and are typically found in gas stations and convenience stores. The Texas Tribune counts roughly 4,000 across the state. The scam that drives the losses is consistent: a victim is persuaded to withdraw money from a bank account and feed it into a machine.
