Catherine Hanaway claims that they facilitated fraud while charging excessive fees. They are also accused of violating the state's consumer protection law. In Missouri, 350 fraudulent cases over the past two years have been linked to crypto ATMs. Losses associated with CoinFlip devices could amount to millions of dollars. The Attorney General is seeking compensation for victims, a fine of up to $1.8 million, and a ban on the company's operations in the state. Founded in 2015, CoinFlip describes itself as the "largest crypto ATM network by transaction volume." They operate 140 devices in the state. The company argues that Hanaway is targeting a licensed and regulated company instead of taking action against the organizers of cryptocurrency fraud schemes.