{"id":93390,"date":"2026-05-18T17:46:38","date_gmt":"2026-05-18T17:46:38","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=93390"},"modified":"2026-05-18T17:46:38","modified_gmt":"2026-05-18T17:46:38","slug":"bitcoin-depot-files-for-bankruptcy-takes-9000-bitcoin-atms-offline","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=93390","title":{"rendered":"Bitcoin Depot Files For Bankruptcy, Takes 9000 Bitcoin ATMs Offline"},"content":{"rendered":"<div>\n<p><strong>Bitcoin Depot Inc.<\/strong> <a class=\"ticker-link\" data-ticker=\"BTM\" data-exchange=\"NASDAQ\" href=\"https:\/\/www.benzinga.com\/quote\/BTM\" target=\"_blank\" rel=\"noopener\">(NASDAQ:<\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/BTM\">BTM<\/a>) on Monday filed for Chapter 11 bankruptcy and took its entire network of 9,000 Bitcoin ATMs offline, sending the stock down 33% to $0.01 in premarket trading.<\/p>\n<p>CEO <strong>Alex Holmes<\/strong> <a href=\"https:\/\/www.globenewswire.com\/news-release\/2026\/05\/18\/3296277\/0\/en\/bitcoin-depot-initiates-voluntary-chapter-11-process-to-facilitate-an-orderly-wind-down-and-sale-of-the-company-s-assets.html\">said<\/a> increasingly stringent state compliance obligations, new transaction limits, and outright bans on Bitcoin ATM operations in some jurisdictions made the business model unsustainable.<\/p>\n<p>The company filed in the U.S. Bankruptcy Court for the Southern District of Texas to facilitate an orderly wind-down and asset sale. The entire Bitcoin ATM network has been taken offline.<\/p>\n<h3 class=\"wp-block-heading\">$3.7M Hack Added To Mounting Difficulties<\/h3>\n<p>Bitcoin Depot suffered a security breach in April that resulted in $3.7 million stolen from its crypto wallets.\u00a0<\/p>\n<p>The hack came one month after the company overhauled leadership and appointed Holmes as CEO following Connecticut\u2019s suspension of its money transmission &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/05\/52630351\/bitcoin-depot-files-for-bankruptcy-takes-9000-bitcoin-atms-offline?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Bitcoin\" depot files for bankruptcy takes bitcoin atms offline>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin Depot Inc. (NASDAQ:BTM) on Monday filed for Chapter 11 bankruptcy and took its entire network of 9,000 Bitcoin ATMs offline, sending the stock down 33% to $0.01 in premarket trading. CEO Alex Holmes said increasingly stringent state compliance obligations, new transaction limits, and outright bans on Bitcoin ATM operations in some jurisdictions made the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-93390","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/93390","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=93390"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/93390\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=93390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=93390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=93390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}