Bitcoin Depot News & Media

Where are bitcoin ATMs banned?

by Bradley Cooper — Editor, Connect Media

Bitcoin ATM bans are rolling down the pipeline. Here's where they are banned.

Bitcoin Depot announce hackers stole $3.6M from wallets

April 9, 2026

Bitcoin Depot announced that a hacker gained access to its systems and took control of company's wallets on March 23, according to an SEC filing. The hacker…

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Federal court rules in favor of kiosk/ATM clickwrap agreements

by Richard Slawsky — Editor, Connect Media

A federal court ruled that Bitcoin Depot's clickwrap agreements on its kiosks were enforceable in a scam victim case. What does this mean for kiosk clickwrap…

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Bitcoin Depot CEO steps down amid business pressures

March 25, 2026

Bitcoin Depot CEO Scott Buchanan has stepped down from his role and turned it over to Alex Holmes. He is also resigning as executive chairman but will retain…

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Bitcoin Depot takes the lead on preventing crypto fraud

by Richard Slawsky — Editor, Connect Media

Bitcoin Depot is taking the lead in fighting crypto ATM/kiosk fraud. Will it be enough?

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Bitcoin Depot to require ID verification for crypto ATM transactions

February 24, 2026

Bitcoin Depot will now require customers to provide ID with every transaction as part of an effort to combat fraud and illegal activities, according to a press…

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Alabama seeks to curb crypto ATM fraud

January 28, 2026

Alabama State Representative Russell Bedsole introduced a bill in the state legislature aimed at curbing widespread fraud tied to crypto ATMs across the state…

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Indiana proposes bill to combat bitcoin ATM scams

January 9, 2026

Indiana lawmakers proposed House Bill 1116 to combat bitcoin ATM fraud. If passed, this bill would put transaction limits, fee caps and information on fraud…

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Bitcoin Depot to pay $2 million for fraud victims in Maine

January 7, 2026

Bitcoin Depot will pay Maine $1.9 million to compensate fraud victims. It made a settlement with the state where it agreed to pay the amount without admitting…

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Jury duty bitcoin ATM scam targets Massachusetts residents

November 5, 2025

Scammers are using a fake jury duty scheme to steal money from residents of Massachusetts. In both instances, the scammers asked the victims to deposit money…

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Are bitcoin ATM operators ready to fight fraud?

by Bradley Cooper — Editor, Connect Media

Fraud is the biggest issue in the bitcoin ATM space, as localities and states propose regulations to combat it. Some bitcoin ATM operators are also beginning…

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Australia to crack down on crypto ATM money laundering, scams

by Bradley Cooper — Editor, Connect Media

Australia's top financial crimes regulator AUSTRAC may soon have power to heavily regulate bitcoin ATMs, amid growing fraud concerns.

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Bitcoin Depot partners with IGA to bring bitcoin ATMs to grocery stores

October 15, 2025

Bitcoin Depot partnered with Independent Grocers Alliance to add its bitcoin ATMs at grocery stores in more than 25 countries. The IGA supports independent…

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Bitcoin Depot embraces ID verification to combat bitcoin ATM fraud

October 8, 2025

Bitcoin Depot has introduced ID verification protocols to help prevent the ongoing issue of bitcoin ATM fraud. With this guideline, customers must provide…

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Bitcoin ATM Scams 101: How they work, the legal landscape, how the industry is fighting back

by Bradley Cooper — Editor, Connect Media

Take a look at our deep dive into bitcoin ATM scams, the legal landscape, and how operators can respond.

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Bitcoin Depot's data breach exposed 27,000 customers

July 10, 2025

Bitcoin Depot recently disclosed that a data breach from June 23, 2024 exposed personal information of almost 27,000 customers, according to a report by Coin…

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Bitcoin Depot purchases 2,300 bitcoin ATMs

April 19, 2024

Bitcoin Depot, a U.S.-based bitcoin ATM operator, purchased approximately 2,300 bitcoin ATMs and plans to strategically deploy these kiosks as part of its…

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Bitcoin Depot surpassing 8K ATM goal

April 11, 2024

Bitcoin Depot is set to surpass its goal of deploying 8,000 Bitcoin ATMS a few months ahead of schedule.

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Bitcoin Depot saw profit growth in 2023 in financial results

March 25, 2024

Bitcoin Depot Inc., a bitcoin ATM operator announced gross profit in the fourth quarter of 2023 was $17.9 million, compared to $14.6 million year over year.

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Texas judge rules law enforcement improperly returned funds from bitcoin ATM to scam victim

October 10, 2023

At Texas judge has ruled that a sheriff's seizure of funds from a bitcoin ATM was misguided in a case where a woman was tricked into depositing $15,000 at a…

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