Maine reaches $1.9 million settlement with Bitcoin ATM operator

[Maine Reaches $1.9 Million Settlement with Bitcoin ATM Operator] According to Mars Finance, citing Decrypt, Maine regulators have announced a $1.9 million settlement with cryptocurrency ATM operator Bitcoin Depot to compensate consumers who suffered losses due to third-party fraud. This agreement, reached after a two-year investigation, also grants the company a legal operating license in Maine. According to FBI data, losses related to cryptocurrency ATM fraud in the US reached $246 million in 2024, a 99% year-on-year increase, with 43% of victims being people over 60 years old. Scammers typically induce victims to convert cash into cryptocurrency and send it to fraudulent accounts.