Missouri AG files lawsuit against CoinFlip operator, seeks up to $1,826,000 in penalties

Missouri Attorney General Catherine Hanaway's office said it filed a lawsuit Wednesday against GPD Holdings, which operates crypto ATMs under the CoinFlip brand, alleging the company knowingly facilitated fraudulent transactions. The state is asking the court to block CoinFlip from operating in Missouri, impose $1,000 per violation over the past five years (up to $1,826,000), and order restitution for consumers.