Missouri AG Sues Crypto ATM Operator CoinFlip ‘For Enabling Scams’
Cointelegraph
Missouri’s Attorney General is suing CoinFlip, alleging the crypto ATM operator knowingly facilitated fraud targeting vulnerable residents.Summary
Missouri Attorney General Catherine Hanaway has filed a lawsuit against GPD Holdings, which operates as CoinFlip, accusing the company of facilitating fraudulent transactions and profiting from them. The legal action stems from a probe into crypto ATM operators, specifically citing harm caused to seniors and veterans. The state is seeking civil penalties, restitution for consumers, and an injunction to stop the company from operating in Missouri. This lawsuit follows a broader trend of US states and municipalities increasing regulations or banning crypto kiosks due to persistent scam reports.
(Source：Cointelegraph)