Crypto Dispensers Sale Amid Founder's Criminal Case
Date: 2025-11-24 Author: Oliver Abernathy Categories: BUSINESS
Crypto ATM network operator Crypto Dispensers announced the possible sale of its business for approximately $100 million. This announcement came shortly after US federal prosecutors indicted the company's founder and CEO, Firas Issa, for participating in a $10 million laundering scheme. The company emphasizes that the decision to sell was prompted by a strategic analysis, not a criminal case.
According to the official press release, Crypto Dispensers has engaged external consultants to evaluate all possible development scenarios, including a full sale of the business. Company representatives noted that back in 2020, the company abandoned servicing physical Bitcoin ATMs, switching entirely to software solutions. This move was motivated by the increased risk of fraud, stricter regulatory requirements, and low device reuse rates.
However, it was precisely these factors that became the subject of an investigation by the US Department of Justice. According to prosecutors, Issa, along with Virtual Assets LLC, was involved in a multi-year scheme through which millions of dollars obtained through illegal means—including fraud and drug trafficking—were transferred into cryptocurrency to conceal their origin. Investigators allege that Issa organized transfers to anonymous wallets, facilitating the subsequent movement of funds. The founder pleaded not guilty, stating that Crypto Dispensers always operated within regulatory requirements. If convicted, he faces up to 20 years in prison.
The company itself notes that the criminal case did not affect its strategic business review. The co-founder emphasized that the transition to software solutions was an important development stage, and the ongoing analysis is aimed at finding the optimal path for growth and maximizing the platform's value. However, Crypto Dispensers did not disclose whether it is currently negotiating with potential investors or how the charges against the founder might impact the deal.
Media previously reported that Australia plans to restrict access to crypto ATMs, reflecting the global trend of tightening regulation of digital financial services. In this situation, a strategic review of Crypto Dispensers' business model appears a logical step to reduce risks and enhance investment appeal.
The company continues to seek opportunities for further development while simultaneously dealing with the fallout from a criminal investigation that could have a significant impact on its future.
