Iowa court rules in favor of Bitcoin ATM operator in fraud case

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MarsBit
05-21
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Mars Finance News, according to Decrypt, the Iowa Supreme Court ruled that Bitcoin Depot, a Bitcoin ATM operator, won a fraud case. The court ordered the return of $28,000 previously seized to Bitcoin Depot, rather than to the fraud victims. The case involved two separate fraud incidents in July 2023 and February 2024, where two victims were induced by scammers to transfer Bit worth $14,000 through Bitcoin Depot ATMs in Linn County. Judge Dana Oxley noted that the victims had received fraud risk warnings before the transfer and confirmed wallet ownership.

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