Missouri AG sues crypto ATM operator CoinFlip, alleging fraud

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Missouri lawsuit against CoinFlip. Source: Missouri AG “The Attorney General’s Office is asking the Court to declare that CoinFlip’s practices violate the Missouri Merchandising Practices Act; to enjoin CoinFlip from operating in Missouri; to impose civil penalties of $1,000 per violation over the past five years (up to $1,826,000); and to award restitution to consumers,” said the AG’s office. According to CoinFlip’s website, the company operates 136 crypto kiosks in Missouri, and 4,229 in the US. In recent months, ATM operators like Bitcoin Depot, CoinFlip and others have been repeatedly targeted by US state authorities and municipalities which have passed laws and ordinances restricting or outright banning the technology. Related: Minnesota to weigh ban on crypto kiosks after scam reports Warning about fraud from May 2025. Source: CoinFlip Cointelegraph reached out to CoinFlip for comment on the lawsuit but did not receive an immediate response. In a May 12 filing with the US Securities and Exchange Commission, crypto ATM operator Bitcoin Depot said “substantial doubt exists about the Company’s ability to continue as a going concern.” The concerns over paying more than $20 in legal judgments in the fourth quarter of 2025 and “ongoing litigation matters” came just a few days before Bitcoin Depot filed for voluntary Chapter 11 proceedings in Texas. Bitcoin Depot was one of the largest crypto ATM operators in North America, responsible for more than 9,000 kiosks globally. Magazine: 5 tech predictions the mainstream media got horribly wrong More on the subject

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