In the Matter of Property Seized for Forfeiture from Bitcoin Depot Operating, LLC v. Carrie Carlson

Summary

The Iowa Supreme Court reversed the district court’s order and remanded with instructions to return $14,100 seized from a Bitcoin ATM to Bitcoin Depot, holding that the company has the superior right to possession. The court also held that the contract between Carlson and Bitcoin Depot is not voidable on the ground of third‑party duress because Bitcoin Depot had no reason to know of the duress and gave value under the transaction.