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SEATTLE, Wash. – Coinme, a Seattle-based cryptocurrency exchange company serving the Tri-Cities area, has resumed full operations after state regulators ordered the company to halt collecting new funds and refund customers. The order was originally issued based on allegations that the firm wrongfully claimed millions of dollars of wired funds as its own income.
The Washington State Department of Financial Institutions (DFI) issued a temporary restraining order on December 1, 2025, following an investigation into Coinme’s money transmission and virtual currency kiosk operations.
Coinme reached an agreement with DFI in late December. The agreement allows Coinme to continue operations while the investigation is ongoing.
A temporary resolution was reached after Coinme submitted financial records and operational information to clarify its business practices. The investigation by DFI remains ongoing.