Bitcoin Depot reaches a $1.9 million settlement with Maine to refund scam-affected retail investors

2026-01-06 14:17:32

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Odaily Planet Daily reports that according to the Maine Consumer Credit Protection Bureau’s monitoring, Bitcoin Depot has reached a $1.9 million settlement with the state to resolve an investigation into fraud losses related to its cryptocurrency kiosks. Under the settlement, Bitcoin Depot will provide compensation to Maine residents who transferred funds to third-party scammers through its machines between 2022 and 2025. Additionally, the company has obtained and is legally operating a money transfer business license in the state, provided it fully complies with Maine’s consumer protection laws.

The Maine Consumer Credit Protection Bureau stated that eligible victims must submit claims by April 1, 2026. Previously, FBI data showed that in 2024, fraud losses related to cryptocurrency kiosks in the US reached $246 million. Last year, Maine passed emergency legislation to limit the daily transaction caps and fee ratios for such devices.

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