Bitcoin Depot was the largest network of bitcoin kiosks in North America, but saw its revenue crater after increased scrutiny.
"Operators have faced increasing litigation and regulatory enforcement." ...
The company has filed for bankruptcy amid legal scrutiny over allegations its ATMs were used to facilitate fraud.
A Bitcoin ATM giant that once flooded the nation with machines has filed for bankruptcy after strict state regulations — ...
Alex Holmes, who has led the company since March, cited “stringent compliance obligations” from states, increasing litigation ...
With regulators cracking down on the cash-to-cryptocurrency kiosks in a bid to stop scammers, Bitcoin Depot has said that its business model is no longer viable.
Missouri's top prosecutor accused Bitcoin ATM operator CoinFlip of “knowingly facilitating fraudulent transactions.” ...
DES MOINES, Iowa — Iowans are getting ripped off at a place we all use. It's got the attention of the state's top cop who said Wednesday the scam has to stop. "Do not put money into a crypto ATM, ...
Bitcoin Depot, once the largest Bitcoin ATM operator in North America with 9,276 kiosks across the U.S., Canada, and ...
Massachusetts residents lost millions in crypto ATM fraud last year ...
North America's largest Bitcoin ATM operator cited a hostile regulatory environment and an 'unsustainable' business model.