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Missouri Sues CoinFlip, Seeks $1.826M Penalty Over Crypto ATM Scams

GateNews

Enforcement Actions Regulation & Policy

2026-05-21 08:42:07

According to Missouri Attorney General Catherine Hanaway's office, Missouri authorities filed a lawsuit against CoinFlip operator GPD Holdings recently, accusing the company of knowingly enabling fraudulent transactions through its crypto ATMs. Authorities are seeking civil penalties of up to $1.826 million and restitution for consumers who lost money through fraud over the past five years.

CoinFlip operates 136 cryptocurrency kiosks in Missouri and more than 4,200 nationwide. The lawsuit is part of a broader regulatory crackdown on crypto ATM operators due to rising scam complaints.

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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