Missouri AG sues crypto ATM operator CoinFlip ‘for enabling scams’
Mobile forensics
Update (Would maybe well furthermore just 21 at 4:15 pm UTC): This text has been up to this level to encompass a press delivery from CoinFlip.
Missouri is suing the corporate on the abet of cryptocurrency ATM operator CoinFlip, accusing it of “knowingly facilitating unfaithful transactions and cashing in on them,” within the most recent pass by a US narrate authority targeting digital currency kiosks and ATMs.
In a Wednesday imprint, the feature of job of Missouri Licensed professional Frequent Catherine Hanaway stated the lawsuit in opposition to GPD Holdings, doing industrial as CoinFlip, become as soon as in response to incidents of fraud, including in opposition to the narrate’s “seniors and veterans.” The narrate started a probe in December 2025 into loads of crypto ATM companies, including Bitcoin Depot, which currently filed for financial atomize.
Missouri lawsuit in opposition to CoinFlip. Supply: Missouri AG
“The Licensed professional Frequent’s Put aside of job is asking the Court to assert that CoinFlip’s practices violate the Missouri Merchandising Practices Act; to enjoin CoinFlip from working in Missouri; to impose civil penalties of $1,000 per violation all the device in which by the final 5 years (up to $1,826,000); and to award restitution to buyers,” stated the AG’s feature of job.
In accordance with CoinFlip’s web space, the corporate operates 136 crypto kiosks in Missouri, and 4,229 within the US.
In fresh months, ATM operators be pleased Bitcoin Depot, CoinFlip and others were over and over focused by US narrate authorities and municipalities which like handed laws and ordinances limiting or outright banning the skills.
Warning about fraud from Would maybe well furthermore just 2025. Supply: CoinFlip
In a press delivery to Cointelegraph responding to the lawsuit, a CoinFlip spokesperson called the supreme action “meritless” and a “unsuitable attack on the corporate,” including that it deliberate to “battle this lawsuit aggressively.”
“The Licensed professional Frequent is wrongfully targeting the corporate that championed the legislation that protects Missourians from criminal scammers,” stated CoinFlip. “Other than atomize taxpayer cash pursuing a certified and controlled company, the Licensed professional Frequent’s feature of job must study, obtain and atomize those criminals preying on Missourians across the monetary services and products ecosystem.”
Mobile forensics Bitcoin Depot warned of proceedings and laws prior to filing for financial atomize
In a Would maybe well furthermore just 12 filing with the US Securities and Replace Commission, crypto ATM operator Bitcoin Depot stated “mountainous doubt exists about the Firm’s skill to continue as a going effort.” The troubles over paying more than $20 in appropriate judgments within the fourth quarter of 2025 and “ongoing litigation issues” got here only some days prior to Bitcoin Depot filed for voluntary Chapter 11 proceedings in Texas.
Bitcoin Depot become as soon as one amongst the largest crypto ATM operators in North The United States, accountable for more than 9,000 kiosks globally.
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