This week, Missouri Attorney General Catherine Hanaway filed a lawsuit against GPD Holdings LLC, better known as “Coinflip,” seeking to ban the cryptocurrency ATM kiosks.

The lawsuit accuses the company of knowingly allowing fraudulent transactions and charging excessive fees.

Cryptocurrency is one of the methods commonly used by con artists to lure people into depositing funds into a digital currency account or kiosk. Cryptocurrency transactions are nearly impossible to trace and irreversible, making it difficult to bring charges against bad actors.

“These scammers are looking for the vulnerable, they’re looking for elderly, they’re looking for people who might have some little blemish on…