Missouri ogaier don sue Coinflip because dem hide fees for pass 140 Bitcoin ATM dem

Missouri Attorney General Catherine Hanaway don file lawsuit on May 20, 2026 against GPD Holdings LLC wey dey run Coinflip Bitcoin ATM network, dey accuse dem say dem dey help fraud and hide fees for over 140 Bitcoin ATMs for Missouri. Di complaint talk say Coinflip kiosks fit charge up to 21.9% per transaction, but di machines dey show only small “network fee” (show as $2.99), while di rest cost dem hide for terms. Hanaway dey seek up to $1,826,000 for civil penalties under Missouri MMPA, restitution, and court injunction to stop Coinflip operations for Missouri until dem put better fraud-prevention measures. Key alleged cases include: one 80-year-old veteran reportedly lose $180,000–$200,000 (Sep 2025–Mar 2026) after scammers pretend to be investment advisor and tell am to deposit cash for Coinflip Bitcoin ATMs; one victim deposit $1,000 after impostor pose as Jefferson County sheriff’s deputy, but only $182.38 refund for fees; and another victim deposit $900 after fake “FDIC Police Monitored” warrant scam, with no recovery claimed. AG office don start statewide investigation before in Dec 2025 and issue civil investigative demands to crypto ATM operators. Filing still cite FTC data wey show Bitcoin ATM fraud losses rise sharp, reach over $65 million in first half of 2024. Coinflip deny say dem do anything wrong, call case “meritless,” and say dem go fight while supporting tighter kiosk regulation. For crypto traders, this one add risk of tighter compliance and enforcement around Bitcoin ATM rails, fit affect sentiment towards Bitcoin on-ramps without directly changing spot demand.