Missouri prosecutors sue crypto ATM firm CoinFlip for allegedly aiding fraud

Prosecutors in the U.S. state of Missouri have filed a lawsuit against cryptocurrency ATM operator CoinFlip, accusing the company of facilitating and profiting from fraudulent transactions, Cointelegraph reported. The state's prosecutors allege that CoinFlip was involved in scams targeting consumers, including elderly individuals and military veterans. This legal action follows an investigation into CoinFlip and several other crypto ATM companies that authorities launched last December. CoinFlip currently operates 136 crypto ATMs in Missouri and 4,229 across the United States.