The lawsuit followed the launch of a December 2025 investigation by Missouri authorities into several crypto ATM companies, citing “deceptive fee structures” and scams.
Missouri is suing the company behind cryptocurrency ATM operator CoinFlip for “knowingly facilitating fraudulent transactions and profiting from them,” in the latest move by a US state authority targeting digital currency kiosks and ATMs.
In a Wednesday notice, the office of Missouri Attorney General Catherine Hanaway said the lawsuit against GPD Holdings, doing business as CoinFlip, was in response to incidents of fraud, including against the state’s “seniors and veterans.” The state began a probe in December into several crypto ATM companies, including Bitcoin Depot, which recently filed for bankruptcy.
Missouri lawsuit against CoinFlip. Source: Missouri AG
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