[Bitcoin Depot Reaches $1.9 Million Settlement Agreement with Maine] Bitcoin Depot has reached a $1.9 million settlement agreement with the state of Maine. The company will compensate Maine residents who transferred funds to scammers via its cryptocurrency ATMs between 2022 and 2025 and will obtain a license to operate a legal money transfer business in the state, adhering to consumer protection laws. Eligible victims must submit claims by April 1, 2026. FBI data shows that in 2024, losses related to cryptocurrency ATM scams in the U.S. reached $246 million. Last year, Maine passed emergency legislation to limit the daily transaction cap and fee ratio for such devices.
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