Missouri Sues CoinFlip, Binance Debuts SpaceX Pre-IPO Perps, SEC Pauses ETFs
Tech Missouri Sues CoinFlip, Binance Debuts SpaceX Pre-IPO Perps, SEC Pauses ETFs Missouri Attorney General Catherine Hanaway filed a civil action against the operator of crypto ATM network CoinFlip, alleging the company knowingly facilitated fraudulent transactions and profited from inflated kiosk fees. The state is pursuing penalties of up to $1.826 million and a court order to halt CoinFlip operations within its borders. The complaint stems from a December probe into Bitcoin ATM operators launched after rising scam reports targeting Missouri residents. CoinFlip currently runs 136 kiosks across the state and 4,229 nationwide. A company spokesperson called the suit meritless, saying the firm has actively lobbied for stronger consumer protection rules in Missouri and other states. The CoinFlip action arrives amid a widening crackdown on the broader cash-to-crypto kiosk segment. Bitcoin Depot, another operator examined under the same Missouri probe, filed for Chapter 11 bankruptcy protection earlier this month, underscoring the financial and legal pressure now bearing down on the industry. Several US states and Canadian municipalities have moved to restrict or ban the devices outright in recent quarters, citing repeated incidents where victims were directed to deposit cash into machines by scammers impersonating officials or family members. The combined effect is a