The Iowa Supreme Court has decided that money scammed through Bitcoin Depot ATMs should be returned to the company, not the victims. The court overturned a lower court ruling involving two separate scams in 2023 and 2024, where victims were coerced into transferring $14,000 worth of Bitcoin. Despite police seizing the cash, the BTC could not be recovered. The district court initially ordered the $28,000 seized to be returned to the victims, but Bitcoin Depot appealed. The Supreme Court ruled that the victims had entered a contract with Bitcoin Depot, which had warned them about potential scams. The court rejected claims of duress by one victim, stating the company couldn't have known. This decision leaves victims empty-handed. Bitcoin Depot sees this as a step towards clarifying crypto transaction laws and preventing fraud. The company is also facing legal issues in Iowa over alleged losses of $20.4 million through their ATMs. Read more AI-generated news on: https://app.chaingpt.org/news

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