Crypto Dispensers exploring $100M sale after CEO indicted on money laundering charges

Crypto Dispensers is exploring a sale valued around $100 million, the company announced shortly after CEO Isa faced federal indictment for allegedly operating a money laundering scheme through the firm's ATM network ^[1].

Prosecutors allege that between 2018 and 2025, Isa knowingly accepted proceeds from wire fraud and narcotics trafficking, converting the funds into cryptocurrency despite Know Your Customer requirements. The conspiracy charge carries a maximum 20-year sentence. Both Isa and the company have pleaded not guilty.

The sale announcement comes amid intensifying regulatory scrutiny of crypto ATMs nationwide. The FBI documented nearly 11,000 scam complaints linked to crypto kiosks in 2024, totaling $246 million in losses. Cities including Spokane, Washington, and Stillwater, Minnesota, have implemented outright bans, citing the machines' role in fraud. Other jurisdictions like Grosse Pointe Farms, Michigan, have imposed transaction limits—$1,000 daily and $5,000 over two weeks—to protect residents.

Lawmakers increasingly view crypto ATMs as anonymity-enabling tools that facilitate illicit activity, prompting widespread regulatory action across multiple US jurisdictions.