“`html
Crypto ATM company, Crypto Dispensers, is considering a big $100 million sale during its ongoing strategic review. This news comes just a few days after their founder faced money laundering charges from the US Department of Justice. How intriguing!
Crypto Dispensers: A Possible Sale and a Founder in the Hot Seat
Founded in 2017, Crypto Dispensers started by providing a cash-to-Bitcoin service through ATMs in busy shopping areas. By 2020, they expanded with a software solution that allowed cash deposits right at retail registers. They even built a full payment platform to support Bitcoin transactions through debit/credit cards, ACH transfers, and wire transfers!
On November 21, 2025, the company announced they were bringing on advisers to help determine their next steps. They’re seriously evaluating a $100 million sale offer, especially with the growing trend of cash-to-crypto consolidation.
But wait, the timing of this potential deal is raising eyebrows—especially after the recent indictment of founder and CEO, Firas Isa. The DOJ, Northern District of Illinois, took action against Isa and his company for alleged money laundering.
The prosecutors claim that Isa, who is 36 and hails from Frankfort, Illinois, let criminals and fraud victims use Crypto Dispensers’ ATMs to shuffle over $10 million in drug-related and wire fraud profits. He allegedly converted these funds into cryptocurrencies to hide their original origins. Yikes!
Interestingly, while announcing the possible sale, Firas Isa didn’t mention the indictment at all. Instead, he focused on finding the best path forward for the company.
Isa stated:
“From day one, our mission has been clear. We wanted to create a safer and more accessible way for everyday people to buy Bitcoin. The hardware showed us potential, while software taught us scalability. We’ve built the necessary infrastructure and partnerships that let people buy Bitcoin using their usual payment methods. This review aims to identify the next growth stage and see which route provides the most value for the platform we’ve created.”
The DOJ has charged both Isa and Crypto Dispensers with one count of wire fraud, which they’ve pleaded guilty to. If found guilty in the upcoming trial, Isa could face up to 20 years behind bars. Wow!
A Quick Look at the Crypto Market
As of now, the total crypto market cap stands at a robust $2.9 trillion, with a tiny 0.02% uptick in the last day. Not too shabby!
Featured image from Nairametrics, chart from Tradingview
Editorial Process for bitcoinist focuses on delivering well-researched, accurate, and unbiased content. We follow strict sourcing guidelines, and our articles undergo careful review by our team of top tech experts and seasoned editors. This guarantees the reliability and relevance of our content for our readers.
Source link
“`