Coin Cloud, which operates digital money ATMs in the United States and Brazil, has filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the District of Nevada. Coin Cloud boasts on its website that it has over 5,000 ATMs that support over 40 different cryptocurrencies. When Coin Cloud had 4,826 ATMs, nearly all of them were in the United States, making it the world’s second-largest crypto ATM network. In 2022, the crypto sector had a rough year, with bears dominating the market and catastrophic events wreaking havoc.
