Missouri Attorney General filed a lawsuit this week against CoinFlip, a major crypto ATM operator, accusing the company of enabling scams through its machines. The suit follows a months-long investigation launched by Missouri authorities in December 2025 into several crypto ATM firms. Investigators cited deceptive fee structures and frequent use of CoinFlip kiosks by scammers as key concerns.
How the investigation started
Missouri regulators began probing crypto ATM operators late last year. They looked at how fees were disclosed — or hidden — and whether the machines were being used to defraud consumers. CoinFlip, which runs thousands of kiosks across the U.S., became a focus of that inquiry.
What the lawsuit alleges
The complaint, filed this week, claims CoinFlip's business model makes it easy for scammers to convert stolen cash into cryptocurrency with little oversight. It specifically points to fee structures that the state argues are deceptive, often burying costs in ways that catch users off guard. Scammers, the suit says, have exploited those gaps to trick victims into depositing money at CoinFlip ATMs.
Next steps in court
The case is now pending in Missouri state court. The attorney general's office is seeking penalties and changes to how CoinFlip operates its machines. CoinFlip has not yet filed a response. The company could face an injunction if the court finds merit in the state's claims.
