Bitcoin News Today: Crypto ATM Firm Pursues $100M Sale as DOJ Levels Money Laundering Charges Against Founder

Bitget-RWA2025/11/24 00:28

By:Bitget-RWA

- Bitcoin ATM firm Crypto Dispensers seeks $100M sale amid DOJ charges against founder Firas Isa for alleged $10M money laundering conspiracy. - DOJ alleges Isa converted illicit funds (wire fraud, drug trafficking) into crypto via ATMs, violating KYC rules; both deny guilt with trial set for Jan 2026. - Company pivoted to software solutions in 2020 to address regulatory risks, framing sale as strategic evolution from hardware-based operations. - Case reflects heightened crypto regulation scrutiny, with FB

Crypto Dispensers, a company operating Bitcoin ATMs, is considering a

$100 million acquisition

following federal allegations against its founder, Firas Isa, who has been charged with conspiring to launder money in connection with an alleged $10 million operation. The firm, which runs a network of ATMs enabling customers to purchase and transfer

Bitcoin

, revealed the possible sale on November 21, noting that it has hired advisors to explore strategic alternatives as the cash-to-crypto industry undergoes consolidation

according to reports

. This announcement comes shortly after the U.S. Department of Justice (DOJ) brought charges against Isa and the company, accusing them of enabling illegal transactions through their ATM system

as per the indictment

The DOJ indictment, made public on November 18, alleges that Isa accepted money tied to wire fraud and drug trafficking from 2018 to 2025, converted those funds into cryptocurrency, and sent the proceeds to wallets intended to hide their source

according to prosecutors

. Authorities allege the operation breached know-your-customer (KYC) rules designed to stop money laundering. Both Isa and Crypto Dispensers have denied the charges, and Isa could face up to 20 years in prison if found guilty

as reported

Bitcoin News Today: Crypto ATM Firm Pursues $100M Sale as DOJ Levels Money Laundering Charges Against Founder image 0

Crypto Dispensers has described the potential sale as part of its transition from a hardware-focused business to a software-centric platform. In 2020, the company pivoted to software offerings, such as in-store cash deposits and digital payment solutions, to better address regulatory demands and fraud concerns

according to industry analysis

. In a statement, Isa highlighted that the strategic review is meant to identify the platform’s "next phase of expansion," adding, "hardware revealed our limits. Software revealed our potential for growth."

according to the statement

The DOJ’s prosecution underscores increasing oversight of the crypto sector. Federal authorities have ramped up efforts to address illegal activities involving digital currencies, with the FBI documenting nearly 11,000 crypto ATM scam reports in 2024, resulting in losses exceeding $246 million

according to data

. Municipalities such as Stillwater, Minnesota, and Spokane, Washington, have responded by imposing bans or restrictions on crypto ATMs, citing their use in fraudulent schemes.

The possible sale of Crypto Dispensers mirrors broader volatility in the industry. Bitcoin’s value has dropped from a peak of $126,000 in October to under $81,000 by late November, complicating how crypto companies are valued

according to market analysis

. Whether the company can attract buyers may depend on the resolution of its legal issues and its ability to prove strong compliance measures. The trial is set for January 2026

as confirmed by court documents

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Bitcoin News Today: Crypto ATM Firm Pursues $100M Sale as DOJ Levels Money Laundering Charges Against Founder

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