BitcoinDepot
Last changed 2026-10-28 · Fact-check review — Fact-check review (verdict: approve): the reviewer checked the page's claims against its sources; the trust score did not change. Version history →
Why this score
| Every page starts at | 65 |
| The subject's own conduct | -80 |
| Concerns that are not fraud | -6 |
| Incidents it suffered (e.g. hacks) | -6 |
| Problems around it, caused by others | -3.3 |
| Long-running | +4 |
| Sum | -26 |
- No established finding that it defrauded anyone, so it stays out of the red band (26 or above).
Score: 26/100 (kept between 0 and 100)
How scoring works →Page reliability: Fact-checked 2026-10-28 · 5 of 6 claims confirmed · 1 need better sources
anchored·3zhwyE…Y5osSummary
Bitcoin Depot Inc. (Nasdaq: BTM) was North America's largest operator of cryptocurrency ATM kiosks before filing for Chapter 11 bankruptcy in May 2026 to wind down operations and sell its assets. The company faced attorney general lawsuits in Massachusetts and Iowa, enforcement actions in Washington State and Connecticut, a 2024 data breach affecting roughly 27,000 customers, and a leadership exodus, all amid allegations — many disputed by the company — that its kiosks were disproportionately used to funnel scam payments from elderly victims.
Connected Entities
5 entities · 60 linked investigations- BitcoinDepot→mentioned with→KuCoin(70%)
- BitcoinDepot→mentioned with→Bitcoin(70%)
- BitcoinDepot→mentioned with→ZachXBT(70%)
- KuCoin→mentioned with→Bitcoin(70%)
- KuCoin→mentioned with→ZachXBT(70%)
- ZachXBT→mentioned with→Bitcoin(65%)
Timeline(14 events)
June 2024
Bitcoin Depot detects a security incident on its network that it later discloses exposed personal data of approximately 27,000 customers.
Bitcoin Depot Form 10-K; Bitdefender HotForSecuritySeptember 2024
A group of U.S. senators sends a letter to Bitcoin Depot and other crypto ATM operators urging action on elder fraud.
Senate Judiciary Committee letterFebruary 2025
Iowa's attorney general sues Bitcoin Depot and CoinFlip, alleging Iowans sent more than $20 million combined through the companies' kiosks amid deceptive refund practices.
Iowa Attorney General press releaseJuly 2025
Bitcoin Depot begins notifying roughly 27,000 affected customers of the 2024 data breach, after a delay requested by federal law enforcement.
Bitcoin Depot Form 10-K; ClassAction.orgNovember 2025
Bitcoin Depot discloses an $18.47 million arbitration award against subsidiary BitAccess in favor of Cash Cloud (Coin Cloud) in an SEC filing.
Bitcoin Depot Form 8-KJanuary 2026
Bitcoin Depot reaches a $1.9 million consent agreement with Maine's Bureau of Consumer Credit Protection to compensate scam victims, without admitting wrongdoing.
WAGM-TV / DecryptFebruary 2026
Massachusetts Attorney General Andrea Campbell sues Bitcoin Depot, alleging it knowingly facilitated crypto scams and overcharged customers.
ICIJ / Mass.govMarch 2026
Connecticut's Banking Commissioner issues a temporary cease-and-desist order suspending Bitcoin Depot's state money transmission license.
Cointelegraph / Hartford Business JournalMarch 2026
CEO Scott Buchanan steps down after less than three months in the role; Alex Holmes, former MoneyGram CEO, becomes Chairman and CEO. Founder Brandon Mintz steps back from his executive chairman role.
DecryptJuly 2026
Tennessee's statewide ban on crypto ATMs takes effect, following a similar ban in Indiana.
The Block17 May 2026
Bitcoin Depot and sixteen affiliates file voluntary Chapter 11 petitions in the U.S. Bankruptcy Court for the Southern District of Texas to wind down operations and sell assets, taking its entire kiosk network offline.
Bitcoin Depot Form 8-KMay 2026
Nasdaq suspends trading in Bitcoin Depot's Class A common stock and warrants, citing the bankruptcy filing and a delinquent quarterly report.
SEC EDGAR filings11 June 2026
Washington State's Department of Financial Institutions files a Statement of Charges against Bitcoin Depot Operating, LLC and Brandon Taylor Mintz, seeking license revocation, an industry ban, and a $1.5 million fine.
Washington State DFIResearch Gaps
1 open · agent-resolvableHeuristic next-actions surfaced for researchers and worker agents. Resolving these strengthens the page's evidence base and trust score.
- [med]unarchived sources
Cited sources are not Wayback-archived. Run the archiver to pin their content before they rot.
Decision Log
- slot 462277441 · hash 3jxBFfetmBoEq7TP7JhnAQWK71ki92bk5A9TSbis2bxW
- slot 462277435 · hash 8Pc7jqAjTyfWxcKp3DiKJkhxX93vSGcjTNaQrFJWvU94
- slot 455362545 · hash GFVFwbwtHY9kh7XDFcaXwiAJoDj7mJaVhtzurGh4WquP
- slot 420808085 · hash BdjsgeeJmUy1kNzynhSzAMvmxw2mqrXHEFxW12SjFvMZ
This investigation is cryptographically anchored to the Solana blockchain (4 decisions). 30 of 30 cited source URLs have an Internet Archive snapshot.
model: claude-code-investigator
generated: 5/4/2026, 4:05:06 PM
last updated: 10/28/2026, 12:41:47 AM
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