Missouri Sues CoinFlip, Crypto ATM Operator Calls Lawsuit “Meritless”

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Missouri has sued the operator of crypto ATM network CoinFlip, accusing the company of knowingly facilitating fraudulent transactions and profiting from them through excessive fees charged at its kiosks across the state. Attorney General Catherine Hanaway’s office filed the action. The state is seeking civil penalties of up to $1.826 million and a court order blocking further operations in Missouri. Follow us on X to get the latest news as it happens Missouri Sues CoinFlip Alleging Fraud Facilitation The lawsuit follows a probe Hanaway opened in December into several crypto kiosk operators after reports of scams targeting Missouri residents. The same investigation also examined Bitcoin Depot. The firm filed for Chapter 11 bankruptcy this month. Meanwhile, CoinFlip currently runs 136 kiosks in Missouri and 4,229 nationwide, according to its locations page. The case is the latest in a wave of state and municipal actions against crypto kiosk operators, with several jurisdictions moving to restrict or ban the machines outright. “Bitcoin and crypto ATMs are the new getaway cars for fraud, whisking away innocent people’s money to scammers, never to return,” said Attorney General Hanaway. CoinFlip Pushes Back, Calls Suit Meritless In a statement shared with BeInCrypto, a company spokesperson rejected the allegations and said CoinFlip has actively lobbied for tougher consumer protection rules in Missouri and other states. “Attorney General Hanaway’s lawsuit is meritless. It’s a misguided attack on the company that has spent years urging the passage of cryptocurrency kiosk consumer protection laws in Missouri and across the country… CoinFlip will fight this lawsuit aggressively, and we look forward to demonstrating that these allegations are baseless,” the spokesperson told BeInCrypto. The spokesperson also added that CoinFlip was a key force behind Missouri’s 2025 cryptocurrency kiosk consumer protection legislation. The company worked directly with state lawmakers to secure mandatory licensure, stronger compliance standards, and meaningful consumer protection requirements to shield Missourians from scammers. Subscribe to our YouTube channel to watch leaders and journalists provide expert insights

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