Bitcoin Depot loses $3.6 million in Bitcoin after system breach

Bitcoin Depot, a major operator of Bitcoin ATMs, reported that attackers stole approximately $3.665 million worth of Bitcoin from its crypto wallets following a system breach last month. The company discovered the incident on March 23 after noticing suspicious activity on its IT systems. While immediate containment measures were taken, the attackers managed to steal credentials for digital asset settlement accounts and transfer over 50 Bitcoin before their access was revoked, with further coverage provided by Bleeping Computer.

The breach allowed unauthorized access to Bitcoin Depot's corporate IT systems, leading to the theft of 50.903 Bitcoin, valued at roughly $3.665 million at the time of the report. The company stated that the incident appears to be contained within its corporate environment and did not impact customer platforms or data. Bitcoin Depot has engaged external cybersecurity experts and notified law enforcement to investigate the attack. The company also has insurance coverage for cyber-attacks, but it is uncertain if it will fully cover the losses incurred.

Bitcoin Depot's previous data breach in 2024, affecting nearly 27,000 users, and a similar incident at Byte Federal in December 2024 affecting 58,000 customers, underscore ongoing security challenges within the cryptocurrency ATM sector.

Source: Bleeping Computer