Bitcoin Depot ATM Operator Says $3.6 Million in BTC Stolen in Corporate Hack

Bitcoin Depot disclosed in an SEC filing that hackers stole roughly 50.9 BTC (about $3.665 million) from company-controlled wallets in a March 23 breach that exposed settlement-account credentials. The company activated incident-response protocols, hired external cybersecurity help and notified law enforcement, calling the incident material and noting possible reputational, legal and regulatory costs. Customer-facing platforms and user data were reportedly unaffected; the filing did not confirm insurance or effects on ATM liquidity. The disclosure sparked market moves in the company’s stock, which spiked ~15% intraday to $2.74 then softened after hours; shares are down ~44% over 30 days. The event highlights heightened cyber risk and regulatory scrutiny for Bitcoin ATM operators, with potential implications for industry liquidity and oversight.