The cryptocurrency company announced its plans to shutter its business on May 18.

Bitcoin Depot was the largest network of bitcoin kiosks in North America, but saw its revenue crater after increased scrutiny.

A Bitcoin ATM giant that once flooded the nation with machines has filed for bankruptcy after strict state regulations — ...

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.

The largest Bitcoin ATM company in North America entered bankruptcy proceedings Monday, immediately shuttering all machines, ...

Massachusetts residents lost millions in crypto ATM fraud last year ...

The company has filed for bankruptcy amid legal scrutiny over allegations its ATMs were used to facilitate fraud.

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Missouri's top prosecutor accused Bitcoin ATM operator CoinFlip of “knowingly facilitating fraudulent transactions.” ...

Bitcoin was supposed to cut out the middleman. Instead, it’s become a middleman’s dream for scammers. In 2025 alone, Americans lost more than $330 million to bitcoin ATM scams, according to FBI data, ...

Alex Holmes, who has led the company since March, cited “stringent compliance obligations” from states, increasing litigation and tougher transaction limits.

North America's largest Bitcoin ATM operator cited a hostile regulatory environment and an 'unsustainable' business model.