Bitcoin Depot, once the largest network of crypto ATMs in North America, is calling it quits following mounting legal scrutiny and a state-by-state crackdown on Bitcoin teller machines (BTMs) over fraud concerns.

The company, which operated kiosks where customers could exchange cash for Bitcoin, announced Monday that it has filed for Chapter 11 bankruptcy and is winding down its operations. It operated 9,276 kiosks across the U.S., Canada, and Australia.

In a press release, the company said its network of ATMs has already been taken offline and that it plans to sell its assets through a court-supervised process.

Bitcoin Depot CEO Alex Holmes said in the press release that the current regulatory environment had made the…