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Crypto ATM operator Bitcoin Depot said it lost about 50.9 BTC, worth roughly $3.7 million, after a hacker gained access to some of its internal systems, according to a filing with the US Securities and Exchange Commission.
The company said the breach occurred on March 23 after the attacker took control of credentials linked to Bitcoin Depot’s corporate wallets. Bitcoin Depot added that customer accounts, platforms, and personal data were not affected.
Bitcoin Depot said the incident has not had a major impact on daily operations and that it has insurance that may cover some of the losses. The filing also noted that the investigation is ongoing and that the full scope, nature, and impact of the incident are not yet completely known.
Bitcoin Depot shares rose sharply on Wednesday, closing at $2.74, up $0.37 or 15.61% on the day. The stock also gained in pre-market trading, reaching $2.90, a further 5.84% increase, according to data cited from Yahoo! Finance.
Separately, US cities are increasing pressure on crypto ATMs amid growing concerns about fraud.

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