🚀🚀*Cryptocurrency June 28 at #BTC News*☘️♉
✅Concerns Over Law Enforcement Actions Against Bitcoin ATMs
Chris Ryan, the Chief Legal Officer of Bitcoin Depot, has raised alarms about U.S. law enforcement's aggressive tactics in seizing cash from Bitcoin ATMs, claiming they may be overstepping legal boundaries. He argues that the funds belong to Bitcoin Depot and that the damage to their machines could lead to liability claims. Recently, Texas authorities used power tools to extract $32,000 from a Bitcoin Depot kiosk, resulting in the need for a complete replacement of the machine. Ryan emphasized that while they sympathize with scam victims, the cash seized is rightfully theirs.💸🚨 🚨♉The FBI reported that Americans lost $247 million through crypto kiosks in 2024, a 31% increase from the previous year. Bitcoin Depot aims to assist victims and collaborates with law enforcement to trace stolen crypto. However, confusion often arises in legal proceedings, complicating the recovery of funds. Ryan noted that while most seizures are not forceful, some law enforcement officials bypass proper warrant procedures,,$BTC