Missouri AG Sues CoinFlip for $1.83M in Civil Penalties Over Senior Fraud

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On Wednesday, Missouri Attorney General Catherine Hanaway sued Bitcoin ATM operator CoinFlip, seeking $1.83 million in civil penalties and an operational ban, accusing the firm of knowingly facilitating fraudulent transactions targeting elderly consumers. CoinFlip called the lawsuit "meritless" and said it has robust consumer safeguards, urging authorities to pursue actual criminals instead. The legal action follows Bitcoin Depot's Chapter 11 bankruptcy filing earlier this week, as increased litigation costs reshape the Bitcoin ATM industry.
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