Missouri Attorney General Catherine Hanaway has filed a lawsuit against GPD Holdings, the parent company of CoinFlip, accusing it of facilitating fraudulent transactions through its cryptocurrency ATMs. The lawsuit claims CoinFlip profited from deceptive practices, affecting vulnerable groups such as the elderly and veterans. This legal action follows a state investigation into cryptocurrency ATM companies, highlighting issues like deceptive fee structures. The Attorney General seeks a court ruling that CoinFlip violated the Missouri Merchandising Practices Act, a ban on its operations in the state, and a fine of $1,000 per violation, capped at $1.826 million. Additionally, restitution for affected consumers is requested. CoinFlip operates 136 terminals in Missouri and 4,229 nationwide. This lawsuit comes amid broader regulatory scrutiny, as evidenced by Bitcoin Depot's recent bankruptcy filing.