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Missouri sues Coinflip for hiding fees up to 21.9% and enabling crypto scams at 140+ Bitcoin ATMs

Market News
21 May 2026
Bitcoin
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Bearish
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Missouri Attorney General Catherine Hanaway filed a lawsuit against Coinflip, accusing the company of hiding high fees up to 21.9% on Bitcoin ATM transactions and facilitating fraud across more than 140 kiosks in the state. The suit highlights cases where victims, including an 80-year-old veteran, lost large sums to scams using Coinflip machines. The lawsuit seeks up to $1.8 million in penalties and aims to halt Coinflip's operations in Missouri until stronger fraud prevention is implemented. Coinflip denies the allegations and plans to fight the suit, while similar legal actions have been taken in other states.

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