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via Decrypt · By Decrypt Editorial
Crypto ATM Operator Bitcoin Depot Files for Chapter 11 Bankruptcy
BTC
BTC/USDT
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+1.86%
$64,762.88
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(24s)24h Volume
$11,961,057,675.87
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Change: $1,630.10 (2.57%)
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Long: 57.3%Short: 42.7%
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Longs pay
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Decrypt Editorial(09:36 AM UTC)
1 min read
In brief
- 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…
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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