Cryptocurrency ATM operator Crypto Dispensersis considering a $100 million sale option just days after its founder and CEO Firas Isa went on trial on $10 million money laundering charges. In its statement dated November 21, the company stated that it has switched from a physical ATM business model to a software-oriented structure in recent years due to increasing fraud risk, regulatory pressures and low user response rates. However, the statement did not make a direct reference to the ongoing criminal investigation.
Its Founder May Be Sentenced to Up to 20 Years in Prison
US Department of Justicefiled a lawsuit against Firas Isa and his company, Virtual Assets LLC (Crypto Dispensers), as part of an alleged money laundering scheme that ran between 2018 and 2025. Prosecutor’s Office, Isa’s fraud and drug proceeds ATM It claims that it hides its source by converting it into cryptocurrency through its network. Isa denied the accusations and said, “Crypto Dispensers has been working with the principles of compliance and legal responsibility since the day it was founded.” If convicted, he could be sentenced to up to 20 years in prison.
The company’s transition from a hardware-based business model to a software platform in 2020 was announced as a result of increasing regulatory demands and audit burden at that time. Isa summarized the transformation process with the words: “Hardware showed us the limit, software showed us the scale.” The company is no longer Bitcoin ATMInstead of operating cryptocurrencies, it focuses on developing cryptocurrency payment software and regulatory solutions.
Sales Process and Prominent Uncertainties
Crypto Dispensers announced in a press release published on November 21 that it initiated a strategic review with financial advisors. announced. It was stated that the process aims to determine the future growth direction of the company and the strategic alternative that will provide the highest value. However, the company did not comment on how the criminal investigation would affect sales plans or whether there was a potential buyer.
The ongoing legal process could directly impact lead value and investor interest, experts say. Although the company’s software-centered operating model seems sustainable in the short term, corporate reputation and arrangement Risks are among the main factors that will determine the course of potential agreements.
