2026-01-06 19:23:37

Bitcoin Depot has reached a $1.9 million settlement with Maine authorities following allegations of deceptive practices at crypto kiosks that caused significant losses to consumers between 2022 and 2025. The agreement marks another enforcement action targeting ATM operators in the digital asset space.

Affected consumers who experienced losses through these kiosks now have until April 1, 2026 to file claims for compensation. This settlement highlights ongoing scrutiny of automated cryptocurrency platforms and the importance of operational transparency in the crypto industry.

The case underscores broader regulatory concerns about consumer protection in crypto services and serves as a reminder for users to exercise caution when using third-party platforms for digital asset transactions.

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OnchainGossiper

· 01-09 19:05

Here we go again, the kiosk scammer has been caught... 1.9 million isn't enough to cover their compensation.

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DogeBachelor

· 01-09 13:29

These kinds of things are happening more and more now... 1.9 million is nothing; the real losers are retail investors.

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gas_guzzler

· 01-06 19:52

Another one getting penalized... These kiosks should have been regulated long ago.

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token_therapist

· 01-06 19:47

It's the same kind of news again. Crypto kiosk stuff is really a trap; I've been tired of it for a long time.

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PessimisticLayer

· 01-06 19:45

Another project has been hit with a fine; these kiosks really need to be investigated.

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PseudoIntellectual

· 01-06 19:39

Another shady crypto project has been caught, and $1.9 million still needs to be compensated to users. This crackdown was long overdue.

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Layer2Arbitrageur

· 01-06 19:24

lmao $1.9M to settle? that's literally rounding error territory for what they probably extracted through those kiosks' spreads. the real alpha was always in the fee structure, not the coins themselves.

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