PANews reported on May 21 that, according to Cointelegraph, Missouri Attorney General Catherine Hanaway has filed a lawsuit against cryptocurrency ATM operator CoinFlip, accusing it of "willfully facilitating and profiting from fraudulent transactions." The lawsuit alleges that these fraudulent activities targeted "senior citizens and veterans" in the state, and requests the court to declare CoinFlip in violation of the Missouri Business Conduct Act, prohibiting it from operating in Missouri, and imposing a $1,000 fine for each violation over the past five years, up to a maximum of $1.826 million, while also demanding compensation to consumers. CoinFlip operates 136 crypto machines in Missouri and 4,229 nationwide. Previously, Bitcoin Depot filed for Chapter 11 bankruptcy due to litigation and regulatory pressure.
Missouri sues cryptocurrency ATM operator CoinFlip for "facilitating fraud".
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Author: PA一线
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