Missouri's attorney general sued CoinFlip, claiming its crypto ATMs enabled consumer fraud and charged excessive fees.
Missouri's attorney general has filed a lawsuit against CoinFlip, a major cryptocurrency ATM operator, alleging that its machines were used as vehicles for widespread consumer fraud schemes. The state claims CoinFlip's ATMs facilitated scams targeting vulnerable consumers, describing the machines as enablers of financial crime. Authorities also allege the company charged excessive fees on transactions, further harming users. The lawsuit reflects growing regulatory scrutiny of crypto ATM operators across the United States, as law enforcement agencies increasingly link these machines to romance scams, government impersonation fraud, and other schemes that pressure victims into sending cryptocurrency. CoinFlip operates thousands of ATMs nationwide and is one of the larger players in the crypto kiosk industry. The case could set a precedent for how states regulate and hold crypto ATM operators accountable for the illicit use of their infrastructure.
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