Crypto ATM Operator Considers $100M Sale Amid Founder’s Legal Woes
Crypto Dispensers, a cryptocurrency ATM operator, is exploring a potential $100 million sale following the indictment of its founder and CEO, Firas Isa, on money laundering charges. The company recently pivoted from physical ATMs to a software-focused model, citing fraud risks and regulatory pressures—though its announcement conspicuously omitted any reference to the ongoing criminal investigation.
The U.S. Department of Justice alleges Isa laundered illicit proceeds through his ATM network from 2018 to 2025, converting fraud and drug-related funds into cryptocurrency. Isa maintains the company operated compliantly, but faces up to 20 years imprisonment if convicted. This upheaval arrives as the firm transitions from hardware limitations to software scalability—a shift Isa once summarized as 'Hardware showed us the limit.'
