2026-01-07 00:55:09

North America's largest Bitcoin ATM operating platform has officially reached a $1.9 million settlement agreement with relevant state government departments in the United States. According to the terms of the agreement, the compensation will be used to reimburse victims who were defrauded by third parties through ATM machines on the platform during the period from 2022 to 2025.

This settlement reflects the longstanding security vulnerabilities in the cryptocurrency ATM industry. Many users, when using Bitcoin ATMs, are vulnerable to scams due to a lack of sufficient risk warnings or security protection mechanisms. Many victims find it difficult to reverse transactions once completed through the ATM, resulting in irreversible financial losses.

Industry experts generally believe that such settlement cases serve as a warning to the entire cryptocurrency ATM industry. In the future, operators need to strengthen user education, improve scam warning systems, and establish more comprehensive complaint and compensation mechanisms. From a user perspective, increased vigilance is necessary when using cryptocurrency ATMs to avoid falling into scams.

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MEV_Whisperer

· 22h ago

Another ATM scam compensation case... $1.9 million sounds like a lot, but how much is left for those who were scammed? It should have been regulated long ago. It's always remedial after something happens, really ridiculous. You still have to use your own judgment; don't rely on these platforms to watch out for you.

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GateUser-7b078580

· 01-08 22:22

$1.9 million? Data shows that this compensation is actually a drop in the bucket for each victim. However, the ATM's risk control loophole should have been exposed long ago.

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GweiTooHigh

· 01-07 01:25

1.5 million just want to settle? These ATM operators really dare to do it. Are we all just fools? --- Honestly, how many people have been scammed through ATMs in recent years... it’s impossible to track. --- Both compensation and warnings. Why aren’t they more proactive in rectifying issues when it’s time to regulate? Only after problems arise do they start to think about fixing them. --- Friends using crypto ATMs, wake up. You really need to be more cautious; not all machines are reliable. --- Trust me, avoid these kinds of ATMs. It’s not worth the trouble. --- From 2022 to 2025, it took three years to settle the scam. The efficiency is truly... slow. --- Even now, the industry hasn’t been thoroughly reformed? I don’t believe it. --- Just paying some money to end it? Will the victims be satisfied? --- This news reminds me to be more cautious; the crypto field is very deep and complicated.

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CommunityWorker

· 01-07 01:24

1.9 million USD compensation, to put it simply, was because we previously scammed a bit too harshly. These ATMs really need to have a brain reminder; once users swipe their cards, the money is gone, and it's too late to regret. Still the same saying, there's no regret pill in the crypto world. The era of feeling our way across the river should come to an end. It seems that North America is finally going to regulate this, but I’m afraid this money won't be able to cover many people's losses.

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MEVVictimAlliance

· 01-07 01:22

$1.9 million compensation, is that all? Should have been penalized more severely long ago --- ATM scam, to put it simply, is the platform trying to make quick money, with security defenses being virtually nonexistent --- It's the same excuse again—strengthen education, improve systems... I've heard it for three years and it's still the same trap --- Victims from 2022 to 2025 can be compensated, but what about those who are scammed now? Continue waiting for the next settlement? --- Honestly, people using these ATMs should be more cautious; you can't rely on the platform --- It's ridiculous. Blockchain was meant for decentralization, but instead, it has created new tools for scammers --- The platform's fines are paid grudgingly and then they continue to operate as usual, offering no deterrent to scammers

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AirdropChaser

· 01-07 00:55

Huh, you think 1.9 million is enough to cover everything? Just dreaming here. --- It's another ATM scam, haven't seen this in a couple of years... --- Honestly, it's still the platform's laziness; risk control is virtually nonexistent. --- It's easy to lose money, but when will those scammed recover their funds? --- I really don't understand why people still trust ATM scams... --- Strengthening education? Users have already been scammed, what’s there to educate? --- This money probably won't reach many victims' hands. --- What about those platforms that ran away? Why haven't they compensated? --- ATM scams need to be further regulated; it's a mess. --- The compliance framework is still weak; the core issues haven't been solved.

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