Overview
- Crypto Dispensers said Friday it hired advisors for a strategic review and is considering a sale valued at about $100 million.
- The U.S. Justice Department charged the company and CEO Firas Isa with conspiracy to commit money laundering tied to activity from 2018 to 2025.
- Prosecutors say Isa converted illicit cash to crypto through the ATM network despite KYC rules and routed funds to wallets to obscure ownership.
- Both the company and Isa pleaded not guilty; the count carries a potential 20-year federal sentence and asset forfeiture if convicted.
- The firm did not identify potential buyers or address how the case could affect a transaction, and it previously shifted from ATMs to a software model in 2020 as crypto kiosks face rising scam complaints, including nearly 11,000 reports and $246 million in losses in 2024 per the FBI.