Bitcoin Depot Reaches Settlement Over Kiosk Fraud Losses in Maine

According to Odaily, Bitcoin Depot has agreed to a $1.9 million settlement with the Maine Bureau of Consumer Credit Protection to address investigations into fraud losses associated with its cryptocurrency kiosks. Under the settlement, Bitcoin Depot will compensate Maine residents who transferred funds to third-party scammers via its machines between 2022 and 2025. The company has also obtained a license to operate a money transfer business in the state, contingent upon full compliance with Maine's consumer protection laws. The Maine Bureau of Consumer Credit Protection stated that eligible victims must submit claims by April 1, 2026. Previously, FBI data revealed that fraud losses related to cryptocurrency kiosks in the U.S. amounted to $246 million in 2024. Last year, Maine enacted emergency legislation to limit daily transaction caps and fee ratios for such devices.