Missouri is suing the company behind cryptocurrency ATM operator CoinFlip for \u201cknowingly facilitating fraudulent transactions and profiting from them,\u201d in the latest move by a US state authority targeting digital currency kiosks and ATMs.<\/p>\n
In a Wednesday notice, the office of Missouri Attorney General Catherine Hanaway said<\/a> the lawsuit against GPD Holdings, doing business as CoinFlip, was in response to incidents of fraud, including against the state’s \u201cseniors and veterans.\u201d The state began a probe<\/a> in December into several crypto ATM companies, including Bitcoin Depot, which recently filed for bankruptcy<\/a>.<\/p>\n Missouri lawsuit against CoinFlip. Source: <\/em>Missouri AG<\/em><\/a><\/p>\n \u201cThe Attorney General\u2019s Office is asking the Court to declare that CoinFlip\u2019s practices violate the Missouri Merchandising Practices Act; to enjoin CoinFlip from operating in Missouri; to impose civil penalties of $1,000 per violation over the past five years (up to $1,826,000); and to award restitution to consumers,\u201d said the AG\u2019s office.<\/p>\n According to CoinFlip\u2019s website, the company operates 136 crypto kiosks in Missouri<\/a>, and 4,229 in the US.<\/p>\n In recent months, ATM operators like Bitcoin Depot, CoinFlip and others have been repeatedly targeted by US state authorities<\/a> and municipalities which have passed laws and ordinances restricting or outright banning the technology. <\/p>\n Related: <\/strong><\/em>Minnesota to weigh ban on crypto kiosks after scam reports<\/strong><\/em><\/a><\/p>\n Warning about fraud from May 2025. Source: <\/em>CoinFlip<\/em><\/a><\/p>\n Cointelegraph reached out to CoinFlip for comment on the lawsuit but did not receive an immediate response.<\/p>\n In a May 12 filing with the US Securities and Exchange Commission, crypto ATM operator Bitcoin Depot said \u201csubstantial doubt exists about the Company\u2019s ability to continue as a going concern.\u201d The concerns over paying more than $20 in legal judgments<\/a> in the fourth quarter of 2025 and \u201congoing litigation matters\u201d came just a few days before Bitcoin Depot filed for voluntary Chapter 11 proceedings in Texas. <\/p>\n Bitcoin Depot was one of the largest crypto ATM operators in North America, responsible for more than 9,000 kiosks globally.<\/p>\n![\"\"](\"https:\/\/s3-images.ctmedia.io\/media\/content\/screenshot-2026-05-20-at-31400-pm.png\")
<\/figure>\nBitcoin Depot warned of lawsuits and regulations before filing for bankruptcy<\/h2>\n