The breach was contained to its corporate environment and did not affect customer platforms, systems, data or other environments, the company said Wednesday in a regulatory filing.

Bitcoin Depot is continuing to investigate the incident with third-party cybersecurity specialists and has activated remediation measures to reinforce its IT systems. The company said it has seen no indication that customer information was accessed or stolen.

The incident has not had a material impact on operations, though the company determined it to be material due to potential legal, regulatory and reputational consequences. Bitcoin Depot recorded a preliminary loss estimate of $3.67 million, representing the fair value of the Bitcoin transferred without authorization. The company said insurance may cover some losses, though recovery is not assured.

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