Missouri is suing the company behind cryptocurrency ATM operator CoinFlip for “knowingly facilitating and profiting from fraudulent transactions,” in the latest action by a US state authority targeting digital currency kiosks and ATMs.
In a notice released Wednesday, 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 “senior citizens and veterans.” The State has initiated a probe in December at several crypto ATM companies, including Bitcoin Depot, which recently filed for bankruptcy.
Missouri Lawsuit Against CoinFlip. Source: Missouri AG
“The Attorney General’s Office asks the court to declare that CoinFlip’s practices violate the Missouri Merchandising Practices Act; to prohibit 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,” the AG’s office said.
According to the CoinFlip website, the company operates 136 crypto kiosks in Missouriand 4,229 in the United States.
In recent months, ATM operators like Bitcoin Depot, CoinFlip and others have repeatedly targeted by US state authorities and municipalities that have passed laws and ordinances restricting or outright banning this technology.
Related: Minnesota to consider banning crypto kiosks after scam reports
Fraud warning from May 2025. Source: CoinFlip
Cointelegraph reached out to CoinFlip for comment on the lawsuit, but did not receive an immediate response.
Bitcoin Depot Warned of Lawsuits and Regulations Before Filing for Bankruptcy
In a May 12 filing with the U.S. Securities and Exchange Commission, crypto ATM operator Bitcoin Depot said “there are substantial doubts about the Company’s ability to continue as a going concern.” Concerns regarding pay more than $20 in legal judgments in the fourth quarter of 2025 and the “pending litigation” came just days before Bitcoin Depot filed for voluntary Chapter 11 proceedings in Texas.
Bitcoin Depot was one of the largest crypto ATM operators in North America, responsible for over 9,000 kiosks worldwide.
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