Crypto ATM Operator Bitcoin Depot Files for Chapter 11 Bankruptcy

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Decrypt Editorial

(09:36 AM UTC)

1 min read

Verified byDavid Kim

Bitcoin Depot has filed for Chapter 11 bankruptcy in Texas federal court and shut down its entire ATM network.
The company operated over 9,000 Bitcoin ATM locations across North America before closure.
CEO Alex Holmes blamed transaction limits, state bans, and rising litigation costs for the collapse.

Bitcoin Depot, North America's largest Bitcoin ATM operator, filed for Chapter 11…