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Washington state’s Department of Financial Institutions said it is seeking a $1.0296 million fine against crypto ATM operator Coinflip and CEO Benjamin Weiss, along with revocation of the company’s business license and a ban on industry activity. The agency said a 2025 examination found problems with Coinflip’s compliance and risk management systems, and noted that more than 50% of Coinflip users in Washington state were older adults, leaving them highly exposed to crypto ATM scams.