Bitcoin Depot disclosed that it was hacked and $3.6 million worth of Bitcoin was stolen.
CoinFeed reported on April 9th that, according to Decrypt, Bitcoin Depot, a Bitcoin ATM operator, disclosed in a filing with the U.S. Securities and Exchange Commission (SEC) that it suffered a security breach on March 23rd, during which hackers stole approximately 50.9 bitcoins, worth about $3.665 million. The attackers compromised the company's IT systems and obtained credentials for digital asset settlement accounts, allowing them to transfer funds without authorization. Bitcoin Depot stated that it has activated its incident response mechanism, hired external cybersecurity experts to investigate the attack path and secure the remaining assets, and has notified law enforcement. The company stated that its customer platforms and user data were not affected by the intrusion. The incident is considered to have a significant impact on the company's operations and may result in reputational damage and legal, regulatory, and incident response costs.