Maine Reaches $1.9M Settlement With Bitcoin ATM Operator Over Scam Losses

Maine regulators have reached a $1.9 million settlement with Bitcoin Depot, resolving a two-year investigation into scam losses tied to the company’s cryptocurrency kiosks and returning funds to consumers who were defrauded by third-party scammers. The consent agreement, announced Monday by the Maine Bureau of Consumer Credit Protection, requires Bitcoin Depot to compensate Maine residents for fraudulent transactions conducted through its machines. As part of the deal, the company was also granted a money ...