Overview

• Olumide Osunkoya faces multiple criminal charges for running an unlicensed crypto ATM network in the UK.
• The network processed £2.6 million ($3.4 million) in crypto transactions between December 2021 and September 2023.
• Charges include violations of money laundering regulations and forgery, as well as possession of criminal property.
• No crypto ATMs are legally operating in the UK after the FCA's crackdown on unregistered machines.
• Osunkoya is set to appear in court on September 30, with another operator, Habibur Rahman, awaiting trial.