Cointelegraph·
The lawsuit followed the launch of a December 2025 investigation by Missouri authorities into several crypto ATM companies, citing “deceptive fee structures” and scams.
Read full articleMissouri Attorney General Catherine Hanaway filed a lawsuit May 20, 2026, against GPD Holdings LLC, the company operating the Coinflip Bitcoin ATM network, accusing it of knowingly facilitating fraud while hiding fees that reached as high as 21.9% of each transaction. Missouri Sues Coinflip for Hiding 21.9% Fees and Allegedly Enabling Crypto Scams Statewide The […]
Missouri's top prosecutor accused Bitcoin ATM operator CoinFlip of “knowingly facilitating fraudulent transactions.”
Missouri sued CoinFlip over alleged crypto ATM scams, seeking a state ban, restitution and up to $1.826m in civil penalties.
North America's largest Bitcoin ATM operator cited a hostile regulatory environment and an 'unsustainable' business model.
Nasdaq-listed crypto ATM operator Bitcoin Depot has filed for Chapter 11 bankruptcy protection in Texas as mounting regulatory pressure and financial losses pushed the company toward an orderly shutdown. According to a Monday press release from Bitcoin Depot, the filing…
Bitcoin Depot had roughly 220 machines running in Canada when the Canadian government released its Spring Economic Update in April, proposing a nationwide ban on crypto ATMs to combat scammers and money launderers. The timing could not have been worse for the company. A Company Running Out Of Room The Atlanta-based crypto kiosk operator disclosed […]
The crypto ATM company reported financial difficulties amid a changing regulatory environment and ongoing litigation, which have cost it millions of dollars.
