Crypto ATM operator considers $100 million sale, days after founder’s $10 million money laundering charge
Crypto ATM operator Crypto Dispensers said on Friday it is considering a $100 million sale offer, mere days after its founder and CEO, Firas Isa, was charged by federal prosecutors in connection with an alleged $10 million money laundering scheme.
In a press release issued Nov. 21, the company stated it has retained advisors to support a “strategic review” and potential sale. The release highlighted the company’s 2020 pivot from physical Bitcoin ATMs to a software-first model, a move the company claimed was designed to address “rising fraud exposure, regulatory pressure, and compliance demands.”
Those same issues are central to the criminal case currently facing the firm.
On Tuesday, the Department of Justice announced that Isa and…
