Citing Crypto.News, Bitcoin Depot Inc. is facing an $18.47 million arbitration award against its Canadian subsidiary, BitAccess, over defective hardware and software that allegedly affected thousands of Cash Cloud-operated Bitcoin ATMs. The company plans to challenge the award and is also defending a parallel U.S. bankruptcy lawsuit. The arbitration, issued by a Canadian tribunal in October 2025, followed a dispute over a 2020 agreement. Cash Cloud, which filed for bankruptcy in 2023, claimed the defects caused significant financial losses. Bitcoin Depot reported mixed financial results for the third quarter, with a 20% year-over-year revenue increase but a 6% quarter-over-quarter decline.
Bitcoin Depot Faces $18.5M Arbitration and Dual Lawsuits Over ATM Defects
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