Bitcoin Depot files for bankruptcy, some Alaskans could be eligible for

ANCHORAGE, Alaska (KTUU) – Bitcoin Depot Operating LLC, a company that ran cryptocurrency kiosks across the country, filed for bankruptcy in May, and Alaskans who lost money from a scam involving one may be able to get some back, according to the Department of Law.

Bitcoin Depot kiosks allowed people to buy cryptocurrency with cash, sending it to a digital wallet or address the user gives. Some scammers have used the kiosks as a tool, impersonating government workers or other officials and requesting Alaskans to send them money through a Bitcoin Depot.

“Cryptocurrency is an emerging financial tool that opens up possibilities for Alaskan consumers, but as with all advancements, there are perils too,” said Acting Attorney General Cori Mills in a statement. “Bitcoin Depot is unfortunately one of them.”

Alaskans who lost money through these scams and would like to seek compensation have until July 21 to file a claim in the U.S. Bankruptcy Court for the Southern District of Texas, according to the Department of Law.

To learn more about the claims process and get help to decide whether or not to file a claim, Alaskans can visit Kroll Restructuring Administration online. The bankruptcy restructuring hotline is also available at (884) 339-4117 or by emailing BitcoinDepotInfo@ra.kroll.com.

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