Bitcoin Depot, a top crypto ATM vendor, to pay nearly $2M to compensate fraud victims
ABC News••business
Key Points:
- Bitcoin Depot, a leading cryptocurrency kiosk operator with over 25,000 bitcoin ATMs nationwide, agreed to pay Maine $1.9 million in a settlement to compensate victims of fraud involving its kiosks.
- The settlement funds represent money lost to third-party scammers who used Bitcoin Depot kiosks to defraud Maine consumers, though the company admits no wrongdoing or legal violations.
- Victims of fraud through Bitcoin Depot kiosks in Maine can apply for compensation from the state as part of this agreement.
- Bitcoin ATMs have become a favored tool for scammers, with Americans losing over $333 million to related scams in 2025, according to the FBI.
- Maine has implemented strict measures to combat bitcoin ATM scams, including daily
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