Missouri Attorney General Catherine Hanaway filed a lawsuit against CoinFlip on May 21, 2026, accusing the crypto ATM operator of knowingly facilitating fraudulent transactions through its network and charging fees as high as 22% without proper disclosure to customers. The state seeks civil penalties of up to $1.826 million and a court order to shut down CoinFlip's operations in Missouri. CoinFlip called the lawsuit meritless.
CoinFlip lawsuit allegations
- ▪Missouri accused CoinFlip of knowingly facilitating fraudulent transactions through its crypto ATM network
- ▪Missouri accused CoinFlip of knowingly allowing scammers to use its Bitcoin ATMs to steal money from Missouri residents
- ▪Missouri accused CoinFlip of profiting from fraudulent transactions through excessive fees charged at its kiosks across Missouri
- ▪Missouri Attorney General Catherine Hanaway's office filed a lawsuit against CoinFlip on May 21, 2026
- ▪CoinFlip called the Missouri lawsuit meritless
Excessive ATM fees
- ▪Missouri accused CoinFlip of not informing customers about the fees charged at its Bitcoin ATMs
- ▪Missouri accused CoinFlip of charging fees as high as 22% at its Bitcoin ATMs
Civil penalties sought
- ▪Missouri's lawsuit seeks to shut CoinFlip's operations in Missouri
- ▪Missouri is seeking a court order against CoinFlip
- ▪Missouri is seeking civil penalties of up to $1.826 million against CoinFlip
Perspective of CoinFlip
- ▪CoinFlip called the Missouri lawsuit meritless
Story comments
Loading comments…