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Massachusetts Attorney General Andrea Joy Campbell has filed a lawsuit against Bitcoin Depot, one of the largest crypto ATM operators in the world, alleging the company knowingly facilitated cryptocurrency scams that defrauded Massachusetts residents of more than $10 million. The suit, filed February 3, claims Bitcoin Depot used misleading tactics and failed to prevent its machines from being exploited by criminals.

The legal action comes as authorities nationwide grapple with a surge in fraud linked to crypto ATMs, which allow users to exchange cash for cryptocurrencies like Bitcoin without using traditional exchanges. Law enforcement officials say these machines have become a favored tool for scammers, offering a quick and difficult-to-trace method for moving illicit funds. The increasing scrutiny of Bitcoin Depot reflects a growing concern over the vulnerability of these kiosks to criminal activity.

FBI Reports Dramatic Rise in Crypto ATM Fraud

The FBI reported receiving nearly 11,000 fraud complaints involving crypto ATMs in 2024, a 99% increase from the previous year, representing approximately $247 million in losses. That figure has continued to climb, with around $333 million lost to similar scams between January and November 2025. These scams often target vulnerable individuals, particularly the elderly, and involve tricking victims into sending money through the ATMs under false pretenses.

The Massachusetts complaint alleges that over half of the money processed through Bitcoin Depot kiosks in the state between August 2023 and January 2025 was linked to fraudulent transactions. Attorney General Campbell stated, “We’re alleging that instead of handling consumers’ money in great faith, Bitcoin Depot used misleading sales tactics to overcharge its customers and knowingly facilitated crypto scams.”

Similar Lawsuits and Industry Response

Massachusetts is not alone in pursuing legal action against crypto ATM operators. Similar lawsuits have been filed by the attorneys general in Iowa and Washington D.C. In Missouri, Attorney General Catherine Hanaway demanded evidence from Bitcoin Depot and four competitors in December, investigating potential violations of consumer protection laws related to hidden fees and deceptive charges.

In response to mounting pressure, Bitcoin Depot announced Tuesday that it would require customers to verify their identity for every transaction. The company maintains it has “built our business around compliance and consumer protection” and works with law enforcement to address criminal activity, according to a statement provided to the International Consortium of Investigative Journalists (ICIJ). However, the lawsuit alleges that the company was aware of the problem for years.

Internal Concerns and Allegations of Reduced Safeguards

The Massachusetts complaint details internal concerns raised within Bitcoin Depot as early as 2021. Members of the company’s due diligence team reportedly found that 90% of customers they interacted with were likely scam victims. One employee allegedly warned a top executive that the kiosks were “facilitating money laundering at an ‘extreme volume.’” The suit further claims that Bitcoin Depot subsequently made some of its compliance measures “less effective,” which allegedly facilitated more fraud.

Internal metrics reportedly showed that between 13% and 16% of funds processed through the machines between March and September 2023 were tied to scams. Prosecutors also allege the company approved transactions with red flags, including customers using aliases like “John Wick” and “The Chosen One,” and sending funds to cryptocurrency exchanges inaccessible to U.S. Customers.

Circle K Partnership Under Scrutiny

A 2025 investigation by ICIJ and CNN revealed that Bitcoin Depot machines installed in hundreds of Circle K convenience stores facilitated at least $1.5 million in scam transactions. Circle K received millions in rental fees from the partnership, while Bitcoin Depot took a cut of each transaction, ranging from 15% to 50%. The investigation also found that Circle K management was aware of the fraudulent activity but continued to renew its contract with Bitcoin Depot.

The legal battle in Massachusetts highlights the challenges of regulating the rapidly evolving cryptocurrency landscape and protecting consumers from increasingly sophisticated scams. It remains to be seen how the court will rule on the allegations against Bitcoin Depot and what further actions may be taken to address the growing problem of crypto ATM fraud. The outcome of this case could set a precedent for future litigation against crypto ATM operators and influence the development of stricter regulations for the industry.

This is a developing story. Check back for updates as they become available. Share your thoughts in the comments below.

A man recently traveled to Lake Macquarie, New South Wales, following the alleged kidnapping and subsequent death of his grandfather, Chris Baghsarian. The case has unfolded rapidly, leading to multiple arrests and a complex investigation involving alleged motives and crucial mistakes made by those accused. The incident has deeply impacted the community and raised questions about the circumstances surrounding the 78-year-old’s death.

The investigation began after reports of Mr. Baghsarian’s disappearance, quickly escalating into a kidnapping investigation. Police allege he was taken from his Sydney home and later found deceased at a secluded property. The case quickly gained attention, with authorities focusing on identifying those responsible for the alleged abduction and murder. The focus of the investigation has centered around a property in rural NSW, where Mr. Baghsarian was ultimately discovered. This Newcastle Herald reports on the initial stages of the investigation and the subsequent trip to Lake Macquarie by a family member.

Details of the Investigation and Arrests

Police have arrested several individuals in connection with the case. According to dailytelegraph.com.au, dramatic arrests were carried out as police moved to apprehend those allegedly involved. The lawyer for one of the accused stated that his client was “no mastermind” in the alleged kidnapping and murder. The details surrounding the alleged motive remain under investigation, but reports suggest a financial element may be involved.

The Singleton Argus as well covered the developments in the case, highlighting the impact on the local community. Police allege that Mr. Baghsarian was held at a secluded house before his death, and the property is now a key focus of forensic examination.

The Crucial Mistakes That Led to Arrests

According to reporting by Manning River Times, investigators believe several mistakes made by those allegedly involved ultimately led to their apprehension. These included communication errors and leaving behind crucial evidence at the scene. The investigation is ongoing, and further details are expected to emerge as police continue their work.

The case has been described as a “nightmare” by those involved, with an innocent man losing his life. The arrests mark a significant step in the investigation, but the full story behind Mr. Baghsarian’s death is still unfolding. The investigation continues to focus on establishing a clear timeline of events and understanding the motivations behind the alleged crime.

As the investigation progresses, authorities are expected to provide further updates on the charges and evidence gathered. The community awaits further details and a clearer understanding of the events that led to this tragic outcome. The case serves as a stark reminder of the devastating consequences of violent crime and the importance of thorough investigations.

If you or someone you realize is experiencing a crisis, please reach out for help. You can contact Lifeline on 13 11 14 or visit their website at https://www.lifeline.org.au/.

Share your thoughts on this developing story in the comments below.

Mexico is facing scheduled power outages today, February 26, 2026, impacting various communities across several states. The disruptions, announced by the Comisión Federal de Electricidad (CFE), are attributed to both infrastructure improvements and damage caused by inclement weather. Residents and businesses are urged to take necessary precautions as these outages can last for several hours.

The CFE, Mexico’s state-owned electric utility, plays a crucial role in the nation’s energy sector, responsible for the generation, transmission, distribution, and commercialization of electricity. Founded in 1937, the CFE has been instrumental in modernizing and industrializing Mexico, bringing power to millions. As outlined on the CFE’s official website, its mission centers on providing efficient, reliable, and sustainable energy to the country (https://gobierno.com.mx/cfe-energia-electrica.html).

Currently, specific details regarding widespread outages are limited, but the CFE has confirmed a significant disruption planned for Tampico, Tamaulipas. This outage is scheduled to begin at 7:00 PM today, February 26, 2026, and continue until 3:00 AM on Friday, February 27, 2026. Affected areas within Tampico include Cristóbal Colón, Fray Andrés de Olmos, Benito Juárez, and Aduana, specifically the stretch of road between Héroes del Cañonero Tampico and Venustiano Carranza.

Residents experiencing unexpected power outages are encouraged to report them immediately through the CFE’s dedicated hotline at 071 or via the CFE Contigo mobile application. The CFE states that reconnection in urban areas typically occurs within the same day, while rural areas may experience restoration within three business days (https://app.cfe.mx/Aplicaciones/CCFE/DondePagar/CentrosDeAtencion.aspx).

Understanding CFE’s Role and Infrastructure Function

The CFE’s proactive approach to infrastructure improvements is a key component of its long-term strategy to enhance the reliability and efficiency of Mexico’s power grid. These scheduled outages, while disruptive, are essential for maintaining and upgrading the network, ensuring a more stable energy supply for the future. The CFE was established by President Lázaro Cárdenas in 1937 and has since turn into a pillar of Mexico’s economic and social development (https://en.wikipedia.org/wiki/Comisión_Federal_de_Electricidad).

The agency also actively participates in the development of fresh energy infrastructure and the promotion of clean energy sources, aligning with national goals for sustainability and energy sovereignty. The CFE’s commitment extends to implementing social programs aimed at universalizing access to electricity throughout Mexico.

What to Do During a Power Outage

Beyond reporting unplanned outages, residents should take steps to minimize disruption and ensure safety during scheduled or unexpected power interruptions. This includes:

• Securing sensitive electronic equipment to protect against power surges when electricity is restored.
• Having flashlights and batteries readily available.
• Conserving food by minimizing refrigerator and freezer openings.
• Checking on vulnerable neighbors, particularly the elderly or those with medical conditions.

The CFE provides resources and information for customers through its website, including details on payment options and service contracts (https://www.cfe.gob.mx/).

As the CFE continues its infrastructure work and responds to weather-related challenges, ongoing communication and preparedness will be crucial for minimizing the impact of power outages on communities across Mexico. Further updates regarding specific outage locations and durations are expected to be released by the CFE as they become available.

Share this information with your community and stay informed about potential disruptions to your power supply. Your comments and experiences are welcome below.