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The recent <a href="https://www.thestreet.com/crypto/tag/crypto-bankruptcy" rel="noopener noreferrer nofollow">bankruptcy</a> of a major crypto company could translate into payments for select Americans.
Bitcoin Depot (Nasdaq: BTM) was a popular crypto kiosk operator company. These kiosks let&nbsp;customers buy cryptocurrency with cash or credit card at retail locations.
<a href="https://www.thestreet.com/crypto/bankruptcy/crypto-firm-files-for-chapter-11-bankruptcy-after-founders-arrest" rel="noopener noreferrer nofollow">Related: Crypto firm files for Chapter 11 bankruptcy after founder's arrest</a>
While the company operated&nbsp;more than 9,000 Bitcoin kiosks throughout the United States, Canada, and Australia as late as September last year, it was facing a very difficult time due to targeted regulatory actions.
In May 2026, Bitcoin Depot was <a href="https://www.thestreet.com/crypto/bankruptcy/popular-american-atm-operator-files-for-chapter-11-bankruptcy" rel="noopener noreferrer nofollow">forced to file</a> for <a href="https://www.thestreet.com/crypto/tag/chapter-11" rel="noopener noreferrer nofollow">Chapter 11</a> bankruptcy in the&nbsp;U.S. Bankruptcy Court for the Southern District of Texas.
CEO Alex Holmes blamed the strict regulatory regime, including restrictions and bans in some jurisdictions on Bitcoin kiosk operations, for making the current business model "unsustainable."
The company also stated that its entire kiosk network had already been taken offline.
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<h2 id="u-s-residents-inarkansas-to-receiverefund-payments">U.S. residents in&nbsp;Arkansas to receive&nbsp;refund payments</h2>
Now, it turns out select residents living in the U.S. state of&nbsp;Arkansas are eligible for payments following&nbsp;Bitcoin Depot's&nbsp;bankruptcy.
The Arkansas Securities Department (ASD)&nbsp;<a href="https://securities.arkansas.gov/bitcoin-depot-files-for-bankruptcy-arkansas-consumers-may-be-eligible-for-compensation/" rel="noopener noreferrer nofollow">announced</a> on July 7 that it is sending alerts to Arkansas consumers who have used the company's services that they&nbsp;may be eligible to seek compensation for outstanding funds.
As per the ASD,&nbsp;Bitcoin Depot processed at least 2,341 individual transactions in Arkansas across at least 92 machines, and there are 19 customers in the state who are eligible for compensation.&nbsp;
<blockquote>
 "There are 19 consumers who are owed a total of $33,312 in refunds, ranging from $382 to $7,500."
</blockquote>
The department said it will&nbsp;directly&nbsp;contact these individuals and also asked any Arkansan who believes they may have been impacted by a "scam involving these machines" to file a claim.
Eligible Arkansas consumers can&nbsp;<a href="https://gcc02.safelinks.protection.outlook.com/?url=https%3A%2F%2Flinks-2.govdelivery.com%2FCL0%2Fhttps%3A%252F%252Frestructuring.ra.kroll.com%252Fbitcoindepot%252FEPOC-Index%2F1%2F0101019eb8fc01bd-4191bc81-3134-4385-b91c-a48f05d6d83b-000000%2FZgG4O6DCFpPKFNa7FyIQQ1ohrOuELnur4ge2JbB-Y2s%3D452&amp;data=05%7C02%7CCampbell.McLaurin%40arkansas.gov%7C7460f5dafbbe477bccdc08dedc38b49e%7C5ec1d8f0cb624000b3278e63b0547048%7C0%7C0%7C639190333283591563%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=51eivtcH4b5gX8PJG99L5vFl39qpHDBlWd39mRt17IA%3D&amp;reserved=0" rel="noopener noreferrer nofollow">file a claim</a>&nbsp;against&nbsp;Bitcoin Depot in the bankruptcy case and even get in touch with the&nbsp;department&nbsp;over call or email, ASD said.
<a href="https://www.thestreet.com/crypto/markets/analyst-compares-saylors-strategy-to-bankrupt-crypto-project" rel="noopener noreferrer nofollow">Related: Analyst compares Saylor's Strategy to bankrupt crypto company</a>

Select U.S. residents to receive payments after major bankruptcy

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