Crypto ATM operator CryptoDispensers said on Friday it was considering a $100 million sale offer, just after its founder and CEO, Firas Issa, was charged by federal prosecutors in connection with a $10 million money laundering scheme.
a Press release In a Nov. 21 release, the company said 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, which the company claimed was designed to address “increasing fraud exposure, regulatory pressures and compliance requirements.”
Those same issues are central to the criminal case currently facing the firm.
On Tuesday, the Department of Justice announced That ISA and Virtual Assets LLC, which does business as crypto dispensers, were charged with one count of conspiracy to commit money laundering. As The Block previously reported, the indictment alleges that between 2018 and 2025, ISA knowingly accepted millions of dollars in wire fraud and drug proceeds through the company’s ATM network.
Prosecutors allege that Issa arranged for the illegal funds to be converted into cryptocurrency and transferred to wallets that hid their source. Issa has pleaded not guilty to the charges and faces a maximum sentence of 20 years in prison if convicted. Issa previously said that crypto dispensers were “built on compliance from day one” in a statement emailed to Block.
In Friday’s announcement, Issa did not address the indictment but framed the company’s history as a successful transition away from hardware limitations. “The hardware showed us the ceiling. The software showed us the scale,” Issa said in the statement. “This review is about understanding the next phase of development and determining which path creates the most value for the platform we’ve built.”
The crypto-dispensers did not immediately respond to a request for further comment from Block on how the pending criminal charges could affect the potential sale, and whether it has a buyer lined up.
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