News linked to both this project and an event.
According to The Block, Bitcoin Depot (BTM), a Nasdaq-listed Bitcoin ATM operator, filed for Chapter 11 bankruptcy protection on the 18th in the U.S. District Court for the Southern District of Texas, announcing an orderly liquidation and asset sale. CEO Alex Holmes stated that increasingly stringent state-level compliance requirements, transaction limit restrictions, and operational bans in certain regions have rendered the company’s existing business model unsustainable. Previously, the company suffered a security breach in April 2026, resulting in a $3.7 million loss; its Q1 2026 revenue declined 49.2% year-on-year, with a net loss of $9.5 million. Currently, all over 9,000 Bitcoin ATMs operated globally by Bitcoin Depot have been taken offline, and its overseas entities—including those in Canada—will also be shut down.
According to ZachXBT, BitcoinDepot filed an 8-K on April 6, 2026, stating that it discovered the theft of 50.9 BTC on March 23; on-chain tracking shows that 19 high-confidence theft addresses had already transferred a total of 54.45 BTC as early as March 20—3.55 BTC more than disclosed—and the funds ultimately flowed into KuCoin, indicating the company may have detected the anomaly three days late.
According to Decrypt, Bitcoin ATM operator Bitcoin Depot filed a disclosure with the U.S. Securities and Exchange Commission (SEC) revealing that it suffered a cybersecurity attack on March 23. Hackers infiltrated the company’s IT systems to obtain credentials for its digital asset settlement account and stole approximately 50.9 BTC—valued at roughly $3.665 million—from the company’s wallet. Following the incident, the company activated its incident response protocol, engaged external cybersecurity experts to conduct an investigation, and notified law enforcement authorities. Bitcoin Depot stated that its customer platform and user data remained unaffected. The company classified this event as a material matter, which may result in reputational damage and additional legal and regulatory costs.