Missouri Sues CoinFlip, Crypto ATM Operator Calls Lawsuit “Meritless”
BeInCrypto
The state of Missouri has sued crypto ATM operator CoinFlip for allegedly enabling fraud, while the company maintains the lawsuit is baseless.Summary
The Missouri Attorney General's office has filed a lawsuit against CoinFlip, accusing the cryptocurrency ATM operator of facilitating fraudulent transactions and profiting from excessive fees. State officials are seeking civil penalties of up to $1.826 million and an injunction to halt the company’s operations in Missouri. In response, a CoinFlip spokesperson labeled the lawsuit “meritless,” asserting that the company has actively advocated for consumer protection legislation within the state and intends to challenge the allegations in court.
(Source：BeInCrypto)