Missouri Targets CoinFlip with Lawsuit Over Facilitated Fraud

The State of Missouri has taken action against a leading cryptocurrency ATM operator, alleging that it facilitated fraudulent transactions.

CoinFlip, which operates over 4,200 kiosks across the US, including 136 in Missouri, is accused of knowingly facilitating scams targeting vulnerable individuals, including seniors and veterans.

The lawsuit, filed by the State's Attorney General, seeks to enjoin CoinFlip from operating in Missouri, impose civil penalties of up to $1.8 million, and award restitution to affected consumers.