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via Cointelegraph · By Cointelegraph Staff

Bitcoin Depot Disables Bitcoin ATM Network Amid Bankruptcy

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Cointelegraph Staff

(02:26 PM UTC)

1 min read

Approved byJames Mitchell

1124 views

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Bitcoin Depot, one of the largest Bitcoin ATM operators in the US, filed for Chapter 11 bankruptcy protection as the company moved to wind down operations and sell its assets.

In a Monday announcement, Atlanta-based Bitcoin Depot said it started voluntary Chapter 11 proceedings in the US Bankruptcy Court for the Southern District of Texas, citing mounting regulatory pressure and financial strain.

CE…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Cointelegraph Staff · Cointelegraph

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