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Missouri Sues Bitcoin ATM Operator CoinFlip for $1.83M Over Fraud Assistance

GateNews

Enforcement Actions

2026-05-22 00:47:06

BTC-0.26%

According to Decrypt, Missouri Attorney General Catherine Hanaway sued Bitcoin ATM operator CoinFlip, alleging it "knowingly facilitated fraudulent transactions." The lawsuit seeks $1.83 million in penalties and a ban on CoinFlip's operations in the state.

CoinFlip denied the allegations as "baseless" and called for authorities to investigate actual criminals instead. The case reflects heightened state-level scrutiny of Bitcoin ATMs over elder fraud concerns; FBI data showed cryptocurrency scam losses reached $389 million in 2025.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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