Texas reports highest cryptocurrency kiosk losses in 2025
Texas reported $56.8 million in losses tied to cryptocurrency kiosk scams in 2025, with 1,179 complaints, the most of any U.S. state, according to FBI data cited at a Texas legislative hearing. Nationwide, FBI complaints rose from 10,956 in 2024 to 13,460 in 2025 and losses increased from $246.7 million to nearly $389 million, a 23% complaint rise and 58% loss rise. Lawmakers heard testimony about unhosted wallets, mixers and AI-enabled impersonation, and noted that Indiana, Tennessee and Minnesota have banned kiosks while Texas may pursue stricter regulation.
Texas reported $56.8 million in kiosk-related losses in 2025
Context
FBI data showed rising kiosk complaints and losses between 2024 and 2025. Texas lawmakers held a hearing on foreign influence and kiosk scams. Lawmakers may pursue new regulation or prohibition next.
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