- Bitcoin Depot, one of the largest bitcoin ATM operators in the world, was recently hacked, resulting in the loss of at least 54 BTC.
- ZachXBT, a lead crypto investigator, found that the hack occurred on March 23, and it wasn’t until March 26, 2026, that the platform detected it.
- A hacker targeted Bitcoin Depot’s storage wallets, resulting in a loss of at least $3.6 million at the time of the attack.
- In an official statement, Bitcoin Depot said that no personally identifiable information of any customers was likely leaked.
- The company suffered two hacks in 2023 and 2024, where user information was leaked, affecting 58,000 and 27,000 users, respectively.
Bitcoin Depot Had No Clue of the Hack until 3 Days After
In one of the largest hacks taking place in crypto markets recently, Bitcoin Depot lost at least 54 bitcoins, amounting to $3.6 million. The company was a leading crypto ATM service provider in the US and in multiple other countries.
ZachXBT, a lead crypto investigator, said that the exchange had no idea that a hack of this magnitude had taken place until three days later.
The incident came into public view, and Bitcoin Depot filed a Section 8K with the SEC. At least 50.9 BTC have been lost to a hack.
After the hack, the funds were found to have flowed to KuCoin, which ZachXBT claims to be a preferred platform for illicit actors. All of the funds were permanently lost by the hackers. A total of 19 blockchain addresses were reportedly used to execute the hack.
Even though Bitcoin Depot uses crypto insurance to secure user funds, it is expected that the company may not be able to fully recover from the losses.
No User Information Leaked
Bitcoin Depot claims that no customer personal information was leaked, which seems true, as the company’s wallets were targeted in the hack.
However, external security investigators were immediately hired following the hack.
Previous Hacks
Bitcoin Depot had previously suffered two hacks in 2023 and 2024, in which 58,000 and 27,000 pieces of personally identifiable user information were reportedly leaked.
Disclaimer: BFM Times acts as a source of information for knowledge purposes and does not claim to be a financial advisor. Kindly consult your financial advisor before investing.
