Washington orders Coinme to repay over $8M after voucher accounting probe

Published at 2025-12-04 11:15:08

Washington state regulators have directed Seattle-based Bitcoin ATM operator Coinme to return more than $8 million to customers after alleging the company treated unredeemed customer vouchers as income. The order puts Coinme under intense scrutiny and raises the possibility of license revocation if regulators find persistent compliance failures.

The move highlights growing regulatory pressure on crypto service providers and the risks for firms that misclassify customer funds. For consumers, the repayment order could recover value tied up in vouchers; for the industry, it signals stricter enforcement and the need for clearer accounting and custody practices to maintain trust with both users and state regulators.

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