CryptoWorld reports that Missouri Attorney General Catherine Hanaway has filed a lawsuit against Bitcoin ATM operator Coinflip, alleging that it “knowingly assisted fraudulent transactions” and profited through high fees. She is seeking to have Coinflip stop operating in Missouri and is also requesting approximately $1.83 million in civil damages. Coinflip responded that the lawsuit is “without merit” and said the company has established consumer protection mechanisms, adding that law enforcement should pursue the real scammers instead. The case comes against the backdrop of recent stepped-up regulation and enforcement actions targeting Bitcoin ATM scams across multiple U.S. states, with the scams primarily targeting elderly people. Previously, North America’s largest Bitcoin ATM operator, Bitcoin Depot, also applied for Chapter 11 bankruptcy protection.

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RugcheckRoommate
· 2h ago
Coinflip's response this time is quite standard, blaming law enforcement, but the high transaction fees can't be washed away.
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MoonlightTake-ProfitLine
· 2h ago
Missouri is using Coinflip to scare the monkeys; other states are probably going to follow suit.
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GateUser-14cb5f72
· 2h ago
Elderly fraud prevention education is more urgent than reporting to operators; it’s about source governance.
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TacoTreasury
· 2h ago
ATM machines were originally designed for anonymity, but now they've become a hotbed for scams.
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SushiBackrunner
· 2h ago
If Coinflip loses, all ATM operators in the United States will have to re-comply.
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