Bitcoin Depot has replaced its CEO, Scott Buchanan, with Alex Holmes taking over. This comes less than three months after a planned handoff. The company's founder, Brandon Mintz, also stepped down as executive chairman but will remain on the reduced six-member board. Holmes, who previously served as CEO of MoneyGram, brings over 16 years of senior payments experience. His departure comes amid increasing pressure on the company's core kiosk business after Connecticut shut down its ATMs there due to overcharging users and failing to issue refunds to fraud victims. The firm's shares fell more than 14% to $2.80, near their lowest point over the past year.