Bitcoin Depot Files for Bankruptcy as Pressure Mounts on Crypto ATM Sector
BeInCrypto
Major Bitcoin ATM operator Bitcoin Depot has filed for Chapter 11 bankruptcy and is shutting down its kiosk network amid regulatory and legal pressures.Summary
Bitcoin Depot, formerly the largest US Bitcoin ATM operator, has initiated Chapter 11 bankruptcy proceedings and is pulling its kiosks offline. CEO Alex Holmes cited an increasingly hostile regulatory environment, characterized by transaction caps, operating license suspensions, and outright state-level bans. The company's financial health deteriorated significantly, with Q1 2026 revenue falling nearly 50% year-over-year, compounded by mounting legal judgments and rising concerns over crypto-kiosk fraud.
(Source：BeInCrypto)