North America's largest Bitcoin ATM operator Bitcoin Depot has reached a $1.9 million settlement agreement with Maine Bureau of Consumer Credit Protection (BCCP) to compensate victims who fell victim to third-party fraud through its cryptocurrency ATMs in Maine. The settlement targets residents who used the machines between 2022-2025 and transferred funds to non-custodial wallets at the fraudsters' request. The claims deadline is April 1, 2026, with payouts expected in May. As part of the agreement, Bitcoin Depot also obtained a money transmitter license in Maine. (cryptopolitan)
North America's largest Bitcoin ATM operator Bitcoin Depot has reached a $1.9 million settlement agreement with Maine Bureau of Consumer Credit Protection (BCCP) to compensate victims who fell victim to third-party fraud through its cryptocurrency ATMs in Maine. The settlement targets residents who used the machines between 2022-2025 and transferred funds to non-custodial wallets at the fraudsters' request. The claims deadline is April 1, 2026, with payouts expected in May. As part of the agreement, Bitcoin Depot also obtained a money transmitter license in Maine. (cryptopolitan)