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via Bitcoin Magazine · By Bitcoin Magazine Editorial

Bitcoin Depot (BTM) Files For Chapter 11 Bankruptcy

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Bitcoin Magazine Editorial

(01:38 PM UTC)

1 min read

Approved bySarah Chen

908 views

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Bitcoin Depot (NASDAQ: BTM), once the largest Bitcoin ATM operator in North America, filed for voluntary Chapter 11 bankruptcy protection on Monday in the U.S. Bankruptcy Court for the Southern District of Texas. The Atlanta-based fintech company said it intends to wind down all operations and pursue a sale of its assets — marking one of the most visible collapses in the retail cryptocurrency…

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