Bitcoin Depot's Chapter 11 recognized in Canada as crypto ATM operator pursues wind-down

Bitcoin Depot, an operator of bitcoin ATMs in the form of kiosks across the US, Canada and Australia, has filed for Chapter 11 protection in the US, obtained recognition in Canada and started shutting down its worldwide operations. The materials filed in the Canadian recognition proceedings state that Australian subsidiary AUS BTM PTY LTD, which owns approximately 140 Kiosks in Australia, is commencing a wind down of its assets and operations through an Australian insolvency proceeding. No notices appear to have been published on the ASIC website at this time.

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