California just made a Bitcoin ATM operator pay for the scams run through its machines. CoinFlip has been ordered to repay over $4.8 million to 20 victims of crypto ATM scams — plus more than $350,000 in excess fees to the regulator. The order comes from California's Department of Financial Protection and Innovation, which says fraudsters tricked victims into converting cash into crypto through CoinFlip's ATMs. Bitcoin ATMs have become one of the easiest on-ramps for scammers. Now the bill is landing on the operators, not just the victims. Is this the start of real accountability for crypto ATMs — or a one-off fine?
Farhad | Crypto NewsShare
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