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.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Best Crypto to Invest in March: Bitcoin Panic Selling, TRON Pullback and Polkadot ETF News Vs DOG...
Recent market volatility has challenged a long-standing narrative in crypto. When an oil-driven macro panic recently hit global markets, traders sold off Bitcoin rather than treating it as a safe-haven asset, highlighting how capital still flows quickly out of crypto during uncertainty. This shift i
BlockChainReporter5m ago
Bitcoin Miners Hold Infrastructure AI Needs, Wintermute Says
Crypto trading firm Wintermute says Bitcoin miners could become an important infrastructure provider for the rapidly expanding artificial intelligence industry, thanks to the large-scale power capacity they have built over the past decade.
In a blog post published Thursday, Wintermute noted that Bi
TodayqNews5m ago
Whale Shorted BTC on the Day of US-Iran War Outbreak, $6.5 Million Short Position Down 180%
March 13 News: Monitoring indicates that when the US-Iran war broke out on February 28, a whale address opened a BTC short position at 20x leverage, with an initial position entry price of $63,810 and the position expanded to $6.5 million. Despite market volatility and continued upward movement in BTC price, the short position has accumulated unrealized losses of $580,000, representing a loss magnitude of 180%.
GateNews42m ago
CoinGlass: Bitcoin open interest rebounds to 88,000 BTC, with leverage reaccumulating
Gate News reported that on March 13, CoinGlass stated that following recent liquidations, leverage is reaccumulating. Open interest has now rebounded to approximately 88,000 BTC, not yet at extreme levels, but the "fuel" for volatility is clearly returning. The more accumulation, the greater potential price swings could be.
GateNews46m ago
