Bitcoin Depot files Chapter 11 as US Bitcoin ATM industry collapses under fraud, bans, and KYC costs!

Bitcoin Depot, operator of more than 9,000 kiosks globally, filed for Chapter 11 bankruptcy on May 18 in the Southern District of Texas and announced an immediate wind-down — its entire network went offline the same day. A May 12 SEC disclosure had already flagged the damage: Q1 revenue down 49.2%…