{"id":73823,"date":"2023-02-09T12:33:02","date_gmt":"2023-02-09T10:33:02","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=73823"},"modified":"2025-09-09T16:29:34","modified_gmt":"2025-09-09T13:29:34","slug":"bitcoin-atm-operator-coin-cloud-files-for-bankruptcy","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-atm-operator-coin-cloud-files-for-bankruptcy\/","title":{"rendered":"Bitcoin ATM operator Coin Cloud files for bankruptcy"},"content":{"rendered":"<p>Coin Cloud, which operates more than 4,000 Bitcoin ATMs in the United States and Brazil, <a href=\"https:\/\/storage.courtlistener.com\/recap\/gov.uscourts.nvb.409411\/gov.uscourts.nvb.409411.1.0.pdf\">filed for bankruptcy<\/a>.<\/p>\n<p>The Las Vegas-based company&#8217;s obligations to roughly 10,000 counterparties are estimated at $100\u2013$500 million.<\/p>\n<p>The largest creditor is Genesis Global Trading, which provided an unsecured loan of $100 million. The Digital Currency Group unit was considering investing in the ATM operator in the fall, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-11-22\/crypto-atm-operator-coin-cloud-discussed-equity-from-genesis?sref=AACmJ2tc\">Bloomberg<\/a>.<\/p>\n<p>In 2021, Coin Cloud <a href=\"https:\/\/www.coindesk.com\/markets\/2021\/07\/15\/jackson-palmer-vs-spike-lee-inherently-right-wing-or-digital-rebellion\/\">hired<\/a> the legendary film director Spike Lee to create a promotional video.<\/p>\n<p>In the second half of 2022, the pace of Bitcoin ATM installations worldwide <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-atm-installations-slowed-sharply-in-the-second-half-of-2022\">plunged<\/a>.<\/p>\n<p style=\" margin: 12px auto 6px auto; font-family: Helvetica,Arial,Sans-serif; font-style: normal; font-variant: normal; font-weight: normal; font-size: 14px; line-height: normal; font-size-adjust: none; font-stretch: normal; -x-system-font: none; display: block;\">   <a title=\"View ATM on Scribd\" href=\"https:\/\/www.scribd.com\/document\/624760662\/ATM#from_embed\" style=\"text-decoration: underline;\">ATM<\/a> by <a title=\"View ForkLog's profile on Scribd\" href=\"https:\/\/ru.scribd.com\/user\/456422024\/ForkLog#from_embed\" style=\"text-decoration: underline;\">ForkLog<\/a> on Scribd<\/p>\n<p><iframe loading=\"lazy\" class=\"scribd_iframe_embed\" title=\"ATM\" src=\"https:\/\/ru.scribd.com\/embeds\/624760662\/content?start_page=1&#038;view_mode=scroll&#038;access_key=key-iTZ6rje6RqX12I0Q0N1c\" data-auto-height=\"false\" data-aspect-ratio=\"0.7729220222793488\" scrolling=\"no\" id=\"doc_20073\" width=\"100%\" height=\"600\" frameborder=\"0\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coin Cloud, which operates more than 4,000 Bitcoin ATMs in the United States and Brazil, has filed for bankruptcy.<\/p>\n","protected":false},"author":1,"featured_media":73824,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1300,1189],"class_list":["post-73823","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bankruptcy","tag-cryptomats"],"aioseo_notices":[],"amp_enabled":true,"views":"44","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/73823","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=73823"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/73823\/revisions"}],"predecessor-version":[{"id":73825,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/73823\/revisions\/73825"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/73824"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=73823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=73823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=73823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}