Search results for "OPERATOR"
Today
07:11

Bitcoin Depot was stolen of about 54 BTC, and on-chain investigations show the losses are higher than the official disclosure

On-chain detective ZachXBT revealed that Bitcoin ATM operator Bitcoin Depot discovered about 50.9 BTC were stolen on March 23. The investigation shows the incident actually occurred on March 20; after the funds were transferred out, it was not noticed until about three days later. Potential fund flows involving higher amounts have not yet been identified.
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BTC2,23%
06:46

The CFTC and the Department of Justice jointly apply to block Arizona’s enforcement against Kalshi

The U.S. CFTC and the Department of Justice are asking a federal court to stop Arizona from enforcing its state gambling laws against prediction market operator Kalshi, arguing that its contracts should be regulated by federal oversight rather than state statutes. Related criminal charges have been filed, and the hearing is scheduled for April 13.
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05:30

A CEX operator wins a lawsuit against South Korea’s Financial Intelligence Unit, and the three-month suspension order is overturned

Gate News update, April 9, a South Korean court issued a ruling in an administrative lawsuit filed by a certain CEX operator against the Financial Intelligence Unit (FIU), deciding to overturn the prior three-month partial business suspension order. The court said that, in the absence of clear implementation guidance from the regulator, the operator had taken measures including customer undertakings and internal monitoring and had met its reasonable obligations. Although there is still debate over whether the measures are sufficient to fully prevent transactions with unreported counterparties, they do not support the earlier penalty decision.
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03:38

Bitcoin Depot Emergency Leadership Change! Former Speedway Money CEO Takes Over to Address Regulatory Storm and Revenue Decline

Bitcoin ATM operator Bitcoin Depot announced the appointment of new CEO Alex Holmes in a management restructuring, emphasizing efforts to address an increasingly strict regulatory environment. The company faces investigations and penalties from multiple states, has lowered performance expectations, and seen significant stock price declines. This move demonstrates its response strategy in compliance and business transformation.
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BTC2,23%
02:02

India AI Data Center Operator Yotta Seeks $500-600 Million Funding at $4 Billion Valuation

Gate News reports that on March 20, Yotta Data Services Pvt., the data center operator running India's largest-scale Nvidia AI processor cluster, is seeking a new round of financing at an estimated valuation of approximately $4 billion before submitting a preliminary prospectus for its initial public offering (IPO). The Mumbai-headquartered company plans to raise approximately $500 million to $600 million and intends to submit formal listing documents within weeks. According to informed sources, the company also plans to raise a comparable amount of capital in the public offering.
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06:04

Global Largest Bitcoin ATM Operator Bitcoin Depot License Suspended by Connecticut

Bitcoin Depot's money transmitter license has been emergency suspended in Connecticut due to reasons including excessive fees, failure to fully refund fraudulent transactions, and non-compliance with regulatory requirements. The company's stock price has declined significantly, and internal control deficiencies are expected to be disclosed in the annual report.
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BTC2,23%