According to TechFlow, on May 21, Decrypt reported that the Iowa Supreme Court ruled in favor of Bitcoin ATM operator Bitcoin Depot in a fraud case. The court ordered the return of $28,000 previously seized to Bitcoin Depot, rather than to the fraud victims.

The case involved two separate fraud incidents in July 2023 and February 2024, in which two victims were tricked into transferring Bitcoin worth $14,000 via a Bitcoin Depot ATM in Linn County. Judge Dana Oxley noted that the victims had received warnings about fraud risks before making the transfers and had confirmed ownership of their wallets.

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<p>According to TechFlow, on May 21, Decrypt reported that the Iowa Supreme Court ruled in favor of Bitcoin ATM operator Bitcoin Depot in a fraud case. The court ordered that the previously seized $28,000 be returned to Bitcoin Depot rather than to the fraud victims.</p>
<p>The case involved two separate fraud incidents in July 2023 and February 2024, where two victims were induced by scammers to transfer Bitcoin worth $14,000 each through Bitcoin Depot ATMs in Linn County. Judge Dana Oxley noted that the victims had received fraud risk warnings before making the transfers and had confirmed ownership of the wallets.</p>
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Iowa Court Rules in Favor of Bitcoin ATM Operator in Fraud Case