Missouri Attorney General Sues CoinFlip, Says Crypto ATMs Enable Scams
The state of Missouri is turning up the heat on crypto ATM operators. Missouri Attorney General Catherine Hanaway announced Wednesday that she filed suit against GPD Holdings LLC, known as CoinFlip, for “knowingly facilitating fraudulent transactions and profiting from them with convoluted and excessive fees through cryptocurrency kiosks.”
The Missouri AG sues CoinFlip at a time when pressure on digital currency kiosks across the United States is intensifying. CoinFlip advertises itself as the “world’s largest network of cryptocurrency ATMs by transaction volume” and operates more than 140 kiosks in convenience stores, liquor stores, vape shops, and gas stations across Missouri.
According to the Missouri State Highway Patrol’s Missouri Information Analysis Center and the St. Louis Fusion Center, over the past two years, 350 crypto cases have involved a cryptocurrency ATM. Hanaway has not held back in her characterisation of the problem. “Bitcoin and crypto ATMs are the new getaway cars for fraud, whisking away innocent people’s money to scammers, never to return,” she said.
The lawsuit specifically highlights the impact on vulnerable communities. The AG’s office said the action was in response to incidents of fraud, including against the state’s “seniors and veterans.”
Hanaway cited a report from the Federal Trade Commission that said fraud losses at crypto ATMs are “skyrocketing,” with a near tenfold increase from 2020 to 2023.
The legal action did not come out of nowhere. In December 2025, the Attorney General’s Office launched a statewide investigation into companies operating cryptocurrency kiosks due to national concerns over deceptive fee structures and use by bad actors to defraud consumers. That probe also included Bitcoin Depot, which recently filed for bankruptcy.
The attorney general’s office is asking the court to declare that CoinFlip’s practices violate the Missouri Merchandising Practices Act; to enjoin 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.
CoinFlip operates 136 crypto kiosks in Missouri and 4,229 across the United States. The company had not responded to requests for comment at the time of publishing.
Missourians who believe they may have been harmed by a cryptocurrency kiosk are encouraged to contact their local law enforcement agency, report the fraud to the FBI, and file a complaint at ago.mo.gov.
