Missouri Sues CoinFlip, Crypto ATM Operator Calls Lawsuit “Meritless”

Missouri has sued the operator of crypto ATM network CoinFlip, accusing the company of knowingly facilitating fraudulent transactions and profiting from them through excessive fees charged at its kiosks across the state.

Attorney General Catherine Hanaway’s office filed the action. The state is seeking civil penalties of up to $1.826 million and a court order blocking further operations in…