A Chicago-based Bitcoin ATM operator, Crypto Dispensers, is looking to sell for $100 million while simultaneously dealing with the founder’s federal money-laundering charges.
A statement released by the company on Friday mentioned that they have engaged the service of advisors to perform a strategic review and gauge the interest of possible buyers. Their 2020 transition from physical ATMs to a software-driven model, which was meant to lower fraud risks and to be able to meet compliance and regulatory pressure, was also mentioned.
Firas Isa, the CEO, called this procedure a part of the company’s growth process and remarked, “Hardware showed us the ceiling. Software showed us the scale.”
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The firm mitigated that depending on the outcome of the review, it might continue functioning independently and there is no certainty regarding the occurrence of a sale.
Crypto Dispensers CEO accused of laundering $10 million
The Matter of sale review came almost at the same time when the U.S. Department of Justice disclosed an indictment against CEO Firas Isa and Crypto Dispensers for assisting the movement of $10 million in illegal money.
As per the claims of the prosecutors, Isa was involved in handling money that was connected with wire-fraud and drug-related scams between 2018 and 2025 and transferring it through the ATM network of the company. The DOJ, despite KYC regulations, states that he used the money to buy cryptocurrency that he then transferred to wallets which were intended to conceal the source of the money.
Isa and the firm are not guilty of conspiracy charges. This particular count may lead to a 20-year federal sentence, and authorities could take over any assets connected to the suspect operation if a conviction is obtained.
