LITTLE ROCK, Ark. — The Arkansas Securities Department is alerting consumers that Bitcoin Depot Operating LLC, which operated cryptocurrency kiosks nationwide including in Arkansas, has filed for bankruptcy and ceased operations.
The alert follows Bitcoin Depot’s filing in the U.S. Bankruptcy Court for the Southern District of Texas. Since the filing, the company has shut down its cryptocurrency kiosk network.
Bitcoin Depot previously operated in 33 states, including Arkansas, where it held a money transmission license with the Securities Department. The company’s kiosks allowed customers to buy cryptocurrency using cash or a debit card, transferring it to a digital wallet rather than a traditional bank account.
In the past year, Bitcoin Depot processed at least 2,341 individual transactions in Arkansas across at least 92 machines. There are 19 Arkansas consumers who are owed a total of $33,312 in refunds, with amounts ranging from $382 to $7,500. Those individuals will be contacted directly, but the department is urging any other Arkansans who previously used the service to come forward.
“Last year, the Arkansas General Assembly passed Act 557 of 2025, which placed necessary restrictions on cryptocurrency kiosks in Arkansas,” said Securities Commissioner Susannah T. Marshall. “These protections, overseen by the Securities Department, have successfully led to better protections of Arkansans from bad actors attempting to use this product to scam Arkansans.”
“This work is ongoing and we encourage Arkansans to learn more about the indications of fraud at our website,” Marshall added. “The Securities Department will continue its work on protecting consumers and we encourage Arkansans to call the Department with any questions they may have.”
Any Arkansan who believes they may have been impacted by a scam involving Bitcoin Depot machines is encouraged to file a claim.
Arkansas consumers with a claim against Bitcoin Depot may file in the bankruptcy case, call the restructuring hotline at (844) 339-4117, or email [email protected]. For more information on fraud prevention, visit securities.arkansas.gov.
