Missouri Sues CoinFlip, Cryptocurrency ATM Operator Describes The Suit As " Unfounded "

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Missouri has filed a lawsuit against the operator of the network of ATMs accusing the company of intentionally facilitating fraudulent transactions and profiting from them without charge.

قدت مكتب المدعية الععادة كائرين هاناوي الداوى The state is seeking civil penalties of up to $1.826 million and a court order to stop the operations in Missouri.

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Our mission is simple: protect Missourians’ hard-earned money and stop scammers in their tracks. It’s not just the Bitcoin ATM, it’s all fraud, and we’re going after any business taking advantage of vulnerable Missourians. pic.twitter.com/JWsWbNNDbI

— Attorney General Catherine L. Hanaway (@AGCHanaway) May 20, 2026

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The lawsuit comes later investigation started In December, Hanoi banned several digital currency operators after reports that their operations targeted Missourians. كما فساس نفس الحبق بيتكوين ديبوت. The company filed for Chapter 11 bankruptcy this month

At the same time, Coinflip currently manages 136 cash registers in Missouri and 4,229 cash registers on the MSB, MSD, according to the page. the sites own it. this case is the latest wave from local and local procedures against Акшак ответлий Акшак digital currencies, where several jurisdictions have completely controlled it.

he said Attorney General Hanawi: “Bitcoin ATMs and digital currencies are the machines of Bitcoin fraud, where they steal the money of the innocent and never return.”

كوين فيلب ترد وتتبر الداوى بلا جدوى

In a statement shared with BeInCrypto, a spokesperson for the company rejected these accusations and said that it is actively working to tighten consumer protection rules in Missouri other wishes.

“The Hanawai Attorney General’s lawsuit is baseless. It’s a malicious attack on the company that passed consumer protection laws in digital currency booths in Missouri and across the board… We reject this lawsuit strongly, and we look forward to proving that these claims are baseless on behalf of BeInCrypto.

The speaker also added that FlipCoin was a major force behind Missouri’s 2025 digital currency protection legislation.

The company worked directly with state legislators to ensure mandatory licensing, compliance standards and active consumer protection requirements to protect Missourians from the criminals.

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