Retired Couple Loses $76,000 Life Savings to Bitcoin ATM Scam, Sues Bitcoin Depot in Federal Court
An Idaho couple is suing Bitcoin Depot after losing $76,000 to a scam involving its ATMs. The couple claims that fraudsters used the ATMs to drain their retirement savings over five days in August 2025. Bitcoin Depot is facing bankruptcy as the lawsuit highlights the company's alleged negligence in protecting consumers from fraud.
- ▪Karen and Robert Lacey lost their entire retirement savings of $76,000 to scammers using Bitcoin Depot ATMs.
- ▪The fraudsters posed as customer service representatives and directed the couple to deposit cash at the ATMs.
- ▪Bitcoin Depot has been accused of processing transactions without meaningful intervention despite clear warning signs.
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