In brief
- Scott Buchanan has resigned as CEO and director, while MoneyGram’s Alex Holmes was named CEO and chairman.
- Holmes said his priorities include stabilizing operations, improving regulatory standing, and diversifying the business.
- The changes come as Bitcoin Depot faces tighter scrutiny and expects core revenue to fall this year.
Bitcoin Depot has replaced its CEO less than three months after a planned handoff, turning to former MoneyGram chief Alex Holmes as pressure builds on its crypto ATM business.
Scott Buchanan has resigned as CEO and as a director, according to an SEC filing on Tuesday. Buchanan had held various senior leadership roles at Bitcoin Depot since 2019. His resignation was not due to any “disagreement” with…
