As per the available information, Bitcoin Depot, a major U.S ATM operator, first flagged suspicious activities in its information system on June 23, 2024, after the unusual activities on its network, it called for an immediate investigation with cybersecurity firms.
Post investigation and other precautionary measures on July 18, it was figured out that an unauthorized party had accessed the files containing sensitive information, including names, phone numbers, driver’s license numbers, and potentially addresses, date of birth, and email addresses.
However, the company informed that it was unable to notify affected users in time due to a federal law enforcement investigation into their party responsible for the breach.
The company was not supposed to inform affected users, till the investigation got concluded and it came to an end on June 13, 2025. The total identified number of users affected through this incident is 26,732.
As of July 10, 2025, Bitcoin Depot has stated there is “ no evidence of customer information being misused,” however, the incident underscores the need for robust cybersecurity measures in the crypto ATM sector.
Unlike typical data breach responses, Bitcoin Depot did not offer identity theft protection services to affected customers, likely because Social Security numbers were not breached.
The crypto ATM sector requires robust cybersecurity measures
The crypto ATM sector indeed requires robust cybersecurity measures due to its unique vulnerability and the sensitive nature of the data it handles.
These machines collect Know Your Customer data under FinCEN regulations, including name, phone number, driver’s license, and several other crucial information.
Crypto ATMs facilitate direct conversion between fiat and cryptocurrencies, making them attractive targets for cybercriminals seeking access to funds or valuable personal information.
Experts say that crypto ATMs should invest in cyber insurance to cover breach-related costs, including legal fees and customer compensation, as in Bitcoin Depot’s potential class action lawsuit.
A quick update on the crypto market
According to data from CoinMarketCap, the cryptocurrency market capitalization is $3.46 trillion, with a surge of 1.77% and the trading volume is $143.82 billion.
At the same time, the crypto fear and greed index was at 58, indicating neutrality. Bitcoin is currently priced at $110,991 with an addition of 1.17%.
The intraday gainer’s list is ruled by Pudgy Penguins, followed by Dogwifhat, XDC Network, Sui, Virtual Protocols, Fartcoin, Optimism, Pepe, Ethena, Worldcoin, and Bittensor.
Yet the losers in the past 24 hours are Aave, followed by Cronos, Raydium, DeXe, OKB, Flare, Stellar, and Dai. The wider market has experienced several upticks in the past few days, and experts are arguing that the market might test $4 trillion by Q3 end.
