Maine regulators have secured a settlement of 1,900,000 USD with Bitcoin Depot. This agreement stems from an investigation into fraudulent activities linked to Bitcoin ATMs.
The deal aims to reimburse consumers victimized by third-party scams. Additionally, Bitcoin Depot is required to adhere to state consumer protection regulations.
With reports indicating 246 million USD in losses from crypto ATMs in 2024, there is increasing pressure on crypto kiosks amid rising scam incidents, particularly affecting older citizens.
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