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Missouri Attorney General Sues CoinFlip, Accusing Its Crypto ATMs of Facilitating Fraud

2026-07-01 19:44:22

Abstract generation in progress

ME News, May 21 (UTC+8), Missouri Attorney General Catherine Hanaway has filed a lawsuit against CoinFlip operator GPD Holdings, accusing the cryptocurrency ATM network of facilitating fraudulent transactions while charging high fees, violating state consumer protection laws. Over the past two years, Missouri has reported about 350 cases related to cryptocurrency ATMs, with losses potentially reaching millions of dollars. The lawsuit seeks compensation for consumers, civil penalties of up to $1.83M, and an injunction prohibiting the company from operating in the state. (Source: ChainCatcher)

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