The post Bitcoin Depot blasts police tactics after Texas ATM raided for $32,000 appeared on BitcoinEthereumNews.com.

Bitcoin Depot CLO Chris Ryan has said that United States law enforcement using brute force to seize cash from Bitcoin ATMs is overstepping their authority. According to Ryan, the funds that police seize from these Bitcoin ATMs belong to Atlanta, the Georgia-based provider of these machines. This update is coming after news filtered into the space last week involving authorities in Texas retrieving $32,000 from a Bitcoin Depot kiosk using brute force. According to an update by the Bitcoin Depot COO Scott Buchanan, because law enforcement cut open the actual body of the kiosk, the machine will have to be completely replaced. Ryan said that law enforcement is liable for damages to these machines, despite trying to return large sums to users who have been scammed. Bitcoin Depot CLO sheds light on the repercussions of seeing cash from Bitcoin ATMs According to the firm’s website, a Bitcoin Depot kiosk costs around $14,000 under a profit-sharing program. “You’ve got these rogue law enforcement officers thinking that they’re doing the right things by these consumers,” Ryan said. “What they’re actually doing is creating another victim, which is us, with the damage of our property and seizing of our funds.” According to Buchanan, in most cases where something like this happens, the Bitcoin ATMs are always destroyed. He also added that if authorities are trying to seize funds from a Bitcoin Depot kiosk, the company will always unlock the machine. Ryan added that if the Bitcoin Depot’s property is damaged, the company is within their right to seek a refund from law enforcement, but the municipalities are always unable to foot the bill. “It’s not the norm that we would get anything back,” he said. Ryan added that Bitcoin Depot feels for the people being scammed through Bitcoin ATMs, but the company is…

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Filed under: News - @ June 28, 2025 7:28 am