Bitcoin.com News reports that California's Department of Financial Protection and Innovation has ordered Coinflip to pay $4.8 million to victims of a Bitcoin ATM scam. Investigators found that Coinflip failed to implement adequate customer checks and suspicious activity controls across its network of about 500 kiosks. The order mandates Coinflip to cease unlawful practices related to these operations.
Based on the Bitcoin.com News report; not independently verified.
Source published: Mon, 09 Nov 2026 04:30:27 +0000
[Read the original report](https://news.bitcoin.com/regulation-and-legal/california-orders-4-8m-payout-to-bitcoin-atm-scam-victims/)
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