Bitcoin Depot, the world's largest Bitcoin ATM operator, has had its license suspended in Conne

Bitcoin Depot License Suspended in Connecticut Over Fee Violations, Scam Refund Failures

Bitcoin Depot just got shut down in Connecticut. Regulators suspended the company's money transmission license, citing a string of violations: charging fees above the 15% state cap on over 1,000 transactions, costing 500+ consumers roughly $150,000; failing to refund scam victims who used its kiosks; and skirting disclosure and compliance rules. The state ordered an immediate halt to operations and a shutdown of all kiosks.

Separately, Bitcoin Depot warned it will report an "unremediated material weakness" in its internal controls. The stock is reeling—down 39% in a month, 55% year-to-date, trading around $4.