Bitcoin News Today: Crypto ATM Firm Pursues $100M Sale as DOJ Levels Money Laundering Charges Against Founder

Bitget App

Trade smarter

Bitget

News

Markets

Bitcoin News Today: Crypto ATM Firm Pursues $100M Sale as DOJ Levels Money Laundering Charges Against Founder

Bitget-RWA2025/11/24 00:28

By:Bitget-RWA

- Bitcoin ATM firm Crypto Dispensers seeks $100M sale amid DOJ charges against founder Firas Isa for alleged $10M money laundering conspiracy. - DOJ alleges Isa converted illicit funds (wire fraud, drug trafficking) into crypto via ATMs, violating KYC rules; both deny guilt with trial set for Jan 2026. - Company pivoted to software solutions in 2020 to address regulatory risks, framing sale as strategic evolution from hardware-based operations. - Case reflects heightened crypto regulation scrutiny, with FB

Crypto Dispensers, a company operating Bitcoin ATMs, is considering a

$100 million acquisition

following federal allegations against its founder, Firas Isa, who has been charged with conspiring to launder money in connection with an alleged $10 million operation. The firm, which runs a network of ATMs enabling customers to purchase and transfer

Bitcoin

, revealed the possible sale on November 21, noting that it has hired advisors to explore strategic alternatives as the cash-to-crypto industry undergoes consolidation

according to reports

. This announcement comes shortly after the U.S. Department of Justice (DOJ) brought charges against Isa and the company, accusing them of enabling illegal transactions through their ATM system

as per the indictment

The DOJ indictment, made public on November 18, alleges that Isa accepted money tied to wire fraud and drug trafficking from 2018 to 2025, converted those funds into cryptocurrency, and sent the proceeds to wallets intended to hide their source

according to prosecutors

. Authorities allege the operation breached know-your-customer (KYC) rules designed to stop money laundering. Both Isa and Crypto Dispensers have denied the charges, and Isa could face up to 20 years in prison if found guilty

as reported

Bitcoin News Today: Crypto ATM Firm Pursues $100M Sale as DOJ Levels Money Laundering Charges Against Founder image 0

Crypto Dispensers has described the potential sale as part of its transition from a hardware-focused business to a software-centric platform. In 2020, the company pivoted to software offerings, such as in-store cash deposits and digital payment solutions, to better address regulatory demands and fraud concerns

according to industry analysis

. In a statement, Isa highlighted that the strategic review is meant to identify the platform’s "next phase of expansion," adding, "hardware revealed our limits. Software revealed our potential for growth."

according to the statement

The DOJ’s prosecution underscores increasing oversight of the crypto sector. Federal authorities have ramped up efforts to address illegal activities involving digital currencies, with the FBI documenting nearly 11,000 crypto ATM scam reports in 2024, resulting in losses exceeding $246 million

according to data

. Municipalities such as Stillwater, Minnesota, and Spokane, Washington, have responded by imposing bans or restrictions on crypto ATMs, citing their use in fraudulent schemes.

The possible sale of Crypto Dispensers mirrors broader volatility in the industry. Bitcoin’s value has dropped from a peak of $126,000 in October to under $81,000 by late November, complicating how crypto companies are valued

according to market analysis

. Whether the company can attract buyers may depend on the resolution of its legal issues and its ability to prove strong compliance measures. The trial is set for January 2026

as confirmed by court documents

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- Nobel laureate Paul Krugman links Bitcoin's $1 trillion crash to Trump's waning political influence and crypto-linked wealth decline. - Trump family's crypto assets lost $1 billion in value, with Eric Trump's ABTC shares down 50% and memecoins losing 90% of peak value. - Despite losses, complex financial structures like Alt5 Sigma holdings buffer the family, while Krugman ties crypto turmoil to fractured MAGA support. - Trump's pro-crypto policies face scrutiny as Bitcoin's $40k drop undermines his econo

Bitget-RWA•2025/11/26 20:00

Bitcoin News Update: Bitcoin's Plunge Signals Trump's Diminishing Influence, as Crypto Connections Weaken Amid MAGA's Downturn

Dogecoin News Update: How Dogecoin’s Decline Reflects the Waning Trust in DOGE Agency

- Dogecoin (DOGE) dropped 10.2% to $0.1455 as the Trump-era DOGE agency dissolved eight months early. - The agency, aimed at streamlining federal operations, faced scrutiny over unverified $214B savings claims and lack of transparency. - Elon Musk’s promotion of DOGE and its abrupt termination eroded credibility, mirroring the cryptocurrency’s volatility. - Key DOGE policies like hiring freezes were lifted, while states like Idaho and Florida created similar entities.

Bitget-RWA•2025/11/26 20:00

Bitcoin Updates: Tether's Bold Move into Gold—Balancing Influence and Stability Issues

- Tether , issuer of the world's largest stablecoin, now holds 116 tons of gold ($12.9B), surpassing central banks like South Korea's. - The firm's aggressive gold purchases (26 tons in Q3 2025) and 37.8% stake in a Canadian gold royalty firm signal vertical integration into the gold supply chain. - S&P Global downgraded Tether's USDT stability rating to "weak" due to 7.13% gold and 5.44% Bitcoin exposure, risking reserve coverage if crypto prices drop. - Tether's gold-backed strategy challenges traditiona

Bitget-RWA•2025/11/26 20:00

Bitcoin Updates: Tether's Bold Move into Gold—Balancing Influence and Stability Issues

Emerging Educational Technology Platforms and Their Impact on Developing Skills for the Future Workforce

- Global EdTech market reached $163.49B in 2024, projected to grow at 13.3% CAGR to $348.41B by 2030, driven by STEM skills demand. - K-12 STEM education market valued at $44.35B in 2025, expected to surge to $115.13B by 2030, fueled by tech workforce needs and immersive learning tools. - AI-driven platforms (e.g., Squirrel AI) and VR/AR technologies are enhancing personalized learning and industry-aligned training, boosting workforce productivity by up to 250%. - $1.5B in U.S. investments (2023-2025) acce

Bitget-RWA•2025/11/26 19:58