Update
California Orders $4.8M Payout to Bitcoin ATM Scam Victims
California’s Department of Financial Protection and Innovation (DFPI) ordered Coinflip to pay over $4.8 million to scam victims after identifying failures in customer checks and suspicious activity controls. The order targets a network of approximately 500 kiosks statewide and requires the operator to stop unlawful practices. The DFPI also ordered Coinflip to pay $350,000 in illegally charged excessive fees.