The Cryptocurrency Anti-Fraud Education Association (CAFE) has been launched as a nonprofit organization focusing on consumer protection. The association, announced on October 9, 2025, aims to tackle cryptocurrency fraud through education campaigns, industry collaboration, and research. It invites Bitcoin kiosk operators, wallet providers, and fintech platforms to join its membership.
CAFE offers a 24/7 Anti-Fraud Hotline to help track and report scams. The organization will also publish analyses and white papers for policymakers and media while monitoring litigation and legislation to promote best practices for transparency.
In 2024, Americans reported $12.5 billion lost to fraud, a 25% increase from the previous year according to the Federal Trade Commission (FTC). Investment scams made up $5.7 billion of these losses. Bank transfers were the largest loss category by payment method, followed by cryptocurrency.
CoinFlip is a major U.S. Bitcoin kiosk operator with over 5,500 kiosks worldwide in ten countries. Their retail partnerships have expanded their reach by placing kiosks in accessible locations for consumers. This highlights the importance of consumer education and standardized safeguards at cash-to-crypto access points.
Founded in 2025, CAFE is dedicated to public education and industry best practices to deter crypto-related fraud. It plans nationwide awareness campaigns and collaborative research projects while providing resources like a 24/7 hotline according to their official website.
Information from this article can be found here.
