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

Bitcoin Depot, once the largest Bitcoin ATM operator in North America with 9,276 kiosks across the U.S., Canada, and Australia, has filed for Chapter 11 bankruptcy protection and news says its ...

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

That unassuming kiosk in your local grocery store is a portal to fraud, regulators warn.

As governments seek to ban the machines, bitcoin ATMs remain entwined with cryptocurrency industry's most mainstream players.

Founded in 2016, Bitcoin Depot was once North America's largest bitcoin ATM operator. Now, the Georgia-based company has voluntarily filed for Chapter 11 bankruptcy. This raises many questions, from ...

Nasdaq-listed Bitcoin Depot enters Chapter 11 bankruptcy and takes its entire Bitcoin ATM network offline amid regulatory pressure.

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, including roughly 200 across the greater Houston area.  Bitcoin Depot began ...

ATM network in North America. These ATMs gained popularity quickly after they launched in the summer of 2016, but this popularity wasn't really for their functionality. It has been a decade since then ...

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