TechFlow reports that on April 22, ZachXBT posted a warning advising users against using Bitcoin Depot’s Bitcoin ATM services. He questioned the company’s recent decision to allow an elderly U.S. fraud victim to convert $25,000 in fiat currency into BTC via its ATM. ZachXBT stated that the victim was quoted a price of $108,000 per BTC, while the prevailing market price at the time was approximately $75,000—resulting in only 0.232 BTC being received for the $25,000, with an actual value of roughly $17,500. He also noted that Bitcoin Depot had recently suffered a $3.26 million loss—approximately 54 BTC—due to exploitation, which went undetected for several days.
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