California Orders $4.8M Payout to Bitcoin ATM Scam Victims

California ordered Coinflip to compensate scam victims after investigators identified failures in customer checks and suspicious activity controls. The action targets a network of roughly 500 kiosks statewide and requires the operator to stop unlawful practices. Coinflip Faces Compensation Order Over Fraud Safeguards California’s Department of Financial Protection and Innovation (DFPI), the state’s financial regulator, […]