Nasdaq-listed Bitcoin Depot, North America's largest bitcoin ATM operator, files for bankruptcy, blaming “increasingly stringent compliance obligations”
Bitcoin Depot, the largest bitcoin ATM operator in North America and publicly listed on Nasdaq, has filed for Chapter 11 bankruptcy.
CoinDesk Omkar Godbole
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Discussion
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NullTX
Will Izuchukwu
on x
Bitcoin Depot Files for Bankruptcy as Regulatory Pressure and Revenue Collapse Force Shutdown of 9,000 ATMs
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@timinhonolulu
Tim Hogan
on x
I worked on unwinding my first Ponzi scheme in 1990. Crypto is going to be a doozie. The end usually starts with bankruptcies. This one was filed in SDTX. Bitcoin Depot, North America's largest bitcoin ATM operator, files for bankruptcy https://www.coindesk.com/... via @coindesk
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@zachxbt
@zachxbt
on x
@PANews Interesting timing. I recently exposed Bitcoin Depot for a 3 day time gap in reporting a $3.6M exploit and highlighted how its Bitcoin ATM business depends on predatory practices via user fraud. [image]
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@campuscodi@mastodon.social
Catalin Cimpanu
on mastodon
Bitcoin Depot, the US' largest crypto ATM operator, is shutting down citing anti-fraud measures it had to roll out — ...and now you know why these things existed in the first place — https://www.globenewswire.com/ ...