Missouri Attorney General Sues CoinFlip, Alleging Its Crypto ATMs Facilitate Fraud

Odaily Planet Daily News Missouri Attorney General Catherine Hanaway has filed a lawsuit against CoinFlip operator GPD Holdings, alleging that the cryptocurrency ATM network facilitated fraudulent transactions while charging high fees, violating the state's consumer protection laws.

Over the past two years, Missouri has reported approximately 350 cases related to cryptocurrency ATMs, with potential losses reaching millions of dollars. The lawsuit seeks consumer compensation, civil penalties of up to $1.826 million, and an injunction prohibiting the company from operating in the state. (theblock)