TikTok is facing a lawsuit from a bipartisan coalition of 13 state attorneys general, accusing the platform of exploiting children financially through its virtual currency system, TikTok Coins. The complaint alleges that the app operates without necessary licenses, akin to a casino, allowing minors to purchase tokens with real money. The suit highlights concerns over the app's weak age verification mechanisms, which enable easy access for young users. TikTok dismissed the allegations as misleading, but the case could influence how social media companies manage virtual currencies and protect younger audiences.