Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Sunday, November 8
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Bitcoin»Bitcoin ATM scams drained millions from Tennesseans in 2025
    Bitcoin

    Bitcoin ATM scams drained millions from Tennesseans in 2025

    September 3, 20263 Mins Read


    BRENTWOOD, Tenn. (WTVF) — Tennessee banned bitcoin ATMs after scammers used the machines to steal more than $15 million from residents in 2025 — but cryptocurrency businesses are still fighting the ban in federal court.

    The scams have devastated victims across the state, including in Williamson County, where Brentwood police have responded to multiple cases of people being manipulated into feeding thousands of dollars into the machines.

    In March, Brentwood police responded to a 911 call of a theft in progress. The victim had received a call from a scammer claiming she had missed a court date.

    “She just got a call from a scammer saying that I missed a court date… and it had me getting money and going places,” the victim said.

    The scammers used personal information to convince her to deposit thousands of dollars into a bitcoin ATM. She would then send a code to the scammer, giving them access to all the money she had just deposited.

    “You’re not allowed to call anyone until you get there,” the victim said about the scammer calls.

    A witness who recognized what was happening realized something was wrong and called 911 for the victim.

    “When I got here and I saw bitcoin I was like holy — I mouthed to her, ‘Call the police,’ because I knew something was wrong,” the victim said.

    In August 2025, a woman walked into the Brentwood Police Department after scammers refused to leave her alone. Scammers had obtained her number when she tried calling for help with printer problems.

    “Please do call me back because there are services that stopped running on your computer,” a recording of the scammer said.

    Brentwood police have confirmed compliance with the new law so far and said no business owners have been cited. According to police, the scams have shifted away from ATMs and toward app-based bitcoin trading platforms.

    “We are thankful that the new law at least took away one of the tools the scammers were using to steal from our citizens,” Brentwood police said.

    The problem extends well beyond Tennessee. The FBI reported that in 2025, the Internet Crime Complaint Center received more than 13,400 complaints reporting the use of cryptocurrency kiosks, with losses over $388 million — a 23% increase in complaints and a 58% increase in losses from 2024. More than half of those complaints involved victims over the age of 50, with losses exceeding $302 million.

    Tennessee Attorney General Jonathan Skrmetti successfully defended the ban in court after cryptocurrency businesses sought a preliminary injunction to block the law. The court denied that request, allowing the ban to take effect.

    If you are contacted by someone demanding payment through a bitcoin ATM or cryptocurrency app, hang up, slow down and call police before sending any money.

    Do you have more information about this story? You can email me at Amanda.Roberts@NewsChannel5.com

    Dolly Parton: Most-streamed artist in the world after her death

    Dolly Parton’s fingerprints are all over Tennessee. And how cool it is to see and hear how MTSU is working to preserve her legacy in music and beyond. Aaron Cantrell brings us a snapshot of the university’s expansive Dolly collection, including her first ever recorded interview. Check it out for yourself!

    – Carrie Sharp





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleBitcoin’s Correlation with Gold Hits Six-Year High Amid Macro Uncertainty
    Next Article Bitcoin Price Targets $82,814 After 50-Week Average Breakout

    Related Posts

    Bitcoin

    Why bitcoin held up better after the record Binance hack – CNBC

    October 30, 2026
    Bitcoin

    Bitcoin market in chaos amid fears Binance cryptocurrency exchange hit by biggest hack in history – The Independent

    October 30, 2026
    Bitcoin

    Ether bets were wiped out at six times bitcoin’s rate in crypto’s $1 billion flush

    October 9, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Bitcoin

    Bitcoin Has a 75% Chance of a Short-Term Rally, Says Trader Alessio Rastani

    November 27, 2025
    Commodities

    US tariff uncertainty keeps aluminium, copper in tight range

    February 13, 2025
    Property

    UK property transactions dwindle over August

    September 30, 2025
    What's Hot

    Bitcoin (BTC) Price: BTC Drops 4% After Senate Votes Down the Clarity Act — What’s Next

    September 15, 2026

    Top Analyst Warns of a Major Bitcoin Price Drop

    December 17, 2025

    GST reforms may trigger surge in paper imports, warns industry body

    October 21, 2025
    Most Popular

    Stock Market Today, Jan. 2: Micron Surges as Bernstein Hikes Price Target 20%

    January 2, 2026

    Michael Saylor’s Strategy buys $330 million worth of bitcoin, stock rises

    April 6, 2026

    Failure To Break $71,800 Keeps Downside Risk Alive

    February 16, 2026
    Editor's Picks

    Ether ETFs Crush Bitcoin With 10x Higher Inflows This Week

    August 27, 2025

    New role at Oswestry marketing company after firm secures fresh finance deal

    August 15, 2025

    Bitcoin breaks below US$60,000, big buyers balk

    June 25, 2026
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.