Recently, information about a major data breach at Bitcoin Depot, one of the largest crypto ATM operators in the US, became public. The incident impacted nearly 27,000 customers.
Bitcoin Depot's Data Breach Confirmation
Bitcoin Depot confirmed that on June 23, 2024, a data breach occurred affecting 26,732 customers. Sensitive information including names, driver's license numbers, and contact details were exposed. The notification about the incident was only made public this week after the conclusion of a law enforcement investigation.
A Bitcoin Depot spokesperson indicated that the delay in notifications was due to federal instructions. Following the conclusion of the investigation, the company began notifying affected customers.
Series of Incidents in the Crypto Industry
The data breach at Bitcoin Depot is not the only incident impacting the crypto sector recently. In 2025, several major hacks have been reported, including the GMX V1 exploit that resulted in $40 million in losses and the Bybit hack with estimated losses of $1.4 billion.
Reports indicate that over 16 billion login credentials have been leaked this year due to cyberattacks targeting digital platforms.
Ban on Crypto ATMs in New Zealand
Amid security incidents, the New Zealand government announced a nationwide ban on crypto ATMs. This decision aims to combat money laundering and organized crime. Associate Justice Minister Nicole McKee stated that such measures would make it harder for criminals to convert cash into high-risk digital assets often used to conceal illicit transactions.
The ban will affect over 220 operational crypto kiosks across the nation.
The incidents of data breaches and increasing regulatory scrutiny highlight the rising risks in the crypto industry. Ensuring data security and regulating crypto assets are becoming essential for protecting users.
