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Federal prosecutors are seeking approximately $47,000 in cryptocurrency allegedly taken from five victims through a technology-support and government-impersonation fraud scheme. The case reflects expanding efforts to recover digital assets after scammers convert victims’ cash through cryptocurrency ATMs. Computer Warning Led Victim to a Crypto ATM The U.S. Attorney’s Office civil forfeiture action seeking 47,461.73111 USDT … Read more
A federal court has allowed Tennessee’s ban on cryptocurrency ATMs to take effect while a constitutional lawsuit continues, giving the state an early legal win in its anti-fraud push. Why Did Tennessee’s Cryptocurrency ATM Ban Survive Its First Legal Test? A federal court declined to halt Tennessee’s cryptocurrency ATM ban before it took effect, Attorney … Read more
The United States has lost 10,763 crypto automated teller machines (ATMs) since the network stood at 38,708 machines 68 days ago on May 1, and coinatmradar.com data shows the decline accelerated once state regulators started shutting kiosks down for good. Bitcoin ATM installations growth data from coinatmradar.com shows steady expansion from 2020 through 2022, when … Read more
Lawmakers are seeking to curb crypto ATM fraud with a bipartisan bill that would set transaction limits, mandate scam warnings, and require transaction records and updated kiosk location records. The proposal follows FBI-cited losses of more than $333 million, with older Americans accounting for most known-age financial losses. Bipartisan Bill Would Set Crypto ATM Limits … Read more
Missouri Attorney General Catherine Hanaway filed a lawsuit May 20, 2026, against GPD Holdings LLC, the company operating the Coinflip Bitcoin ATM network, accusing it of knowingly facilitating fraud while hiding fees that reached as high as 21.9% of each transaction. Missouri Sues Coinflip for Hiding 21.9% Fees and Allegedly Enabling Crypto Scams Statewide The … Read more
Bitcoin Depot entered Chapter 11 to wind down operations, sell assets, and shut its bitcoin ATM network as state rules tighten. The company cited new compliance burdens, transaction limits, and restrictions affecting BTM operators. Bitcoin Depot Begins Chapter 11 Process Amid Regulatory Pressure Bitcoin Depot Inc. (Nasdaq: BTM) announced on May 18 that it initiated … Read more
Iowa now requires crypto ATM operators to obtain money transmission licenses and comply with expanded state reporting and oversight requirements. The law also broadens enforcement authority, including penalties of up to $100,000 for violating injunctions tied to digital financial asset kiosk enforcement actions. Iowa Adds Penalties and Oversight for Crypto Kiosks Iowa Attorney General Brenna … Read more
Canada has announced plans to ban cryptocurrency ATMs, identifying them as a primary tool for money laundering and fraud. Key Takeaways: The Liberal Party’s April 28 update plans a ban on crypto ATMs to stop scammers and illicit cash moves. Canada leads the world per capita with 4,000 machines, while over 39,000 remain active globally. … Read more
Bitcoin Depot revealed it lost just over 50 bitcoins in a cyberattack in which an unauthorized party gained access to its corporate systems and settlement account credentials. Key Takeaways: Bitcoin Depot lost 50.903 BTC, worth $3.665 million, after a March 23 cyberattack on corporate systems. Management deemed the event material on April 6 due to … Read more
Figures compiled by coinatmradar.com indicate that approximately 597 crypto automated teller machines (ATMs) have been withdrawn from the market so far this year. Crypto ATM Data 2026: 597 Net Removals Recent figures show the global count of crypto ATMs edged close to the 40,000 mark this month, yet data recorded on March 29, 2026, reveals … Read more