Bitcoin Depot faces mounting regulatory pressure across multiple US states, including a license suspension in Connecticut and a lawsuit in Massachusetts.
Crypto ATM operator Bitcoin Depot revealed that it lost about 50.9 Bitcoin, worth roughly $3.7 million, after a hacker gained access to some of its internal systems.
The breach happened on March 23 after the attacker took control of credentials linked to Bitcoin Depot’s corporate wallets, according to a Monday filing with the US Securities and Exchange Commission. The company said that customer accounts, platforms and personal data were not affected.
Bitcoin Depot added that the attack has not had a major impact on daily operations, and said it has insurance that may cover some of the losses. “As the investigation of the incident is ongoing, the full scope, nature and impact of the incident are not yet completely known,” the filing states.
