Back
Missouri Attorney General Sues CoinFlip, Seeks Up to $1.826 Million Over Crypto ATM Fraud

Missouri Attorney General Sues CoinFlip, Seeks Up to $1.826 Million Over Crypto ATM Fraud

According to Missouri Attorney General Catherine Hanaway, the lawsuit targets CoinFlip over crypto ATM fees and alleged scam-linked transactions as the state reports about 350 related cases in two years.

BTC

Fact Check
All core elements of the claim are confirmed by the official Missouri AG press release at ago.mo.gov, which is the primary authoritative source. Catherine Hanaway is confirmed as Missouri AG; the lawsuit targets CoinFlip (GPD Holdings LLC); the civil penalty sought is up to $1.826 million; and Missouri Highway Patrol data cited in the suit confirms approximately 350 crypto-related fraud cases over two years. Multiple independent regional and crypto news outlets (KY3, KMOV/FirstAlert4, Cryptopolitan, crypto.news) corroborate all details. The only minor nuance is that the $1.826 million figure represents the maximum civil penalty ceiling, not a fixed demand, which is consistent with how the claim is worded ('up to $1.826 million').
Summary

Missouri Attorney General Catherine Hanaway sued CoinFlip operator GPD Holdings over crypto ATM fees and alleged fraudulent transactions, seeking consumer restitution, an injunction, and up to $1.826 million in civil penalties. The new report says Missouri recorded about 350 crypto ATM-related cases over the past two years, with losses that may total millions of dollars. Earlier details in the case alleged CoinFlip failed to clearly disclose fees that could exceed 21% and allowed scammers to use its Bitcoin ATMs, with the complaint citing multiple Missouri residents who lost money through alleged fraud.

Terms & Concepts
  • crypto ATM: A kiosk that lets users buy, and sometimes sell, cryptocurrency using cash or other payment methods instead of a traditional online exchange.
  • Bitcoin ATM: A type of crypto ATM specifically used for Bitcoin transactions, allowing customers to convert cash into Bitcoin or, in some cases, sell it.
  • Bitcoin: A decentralized digital currency that can be transferred electronically without a central bank or intermediary controlling the network.