TechFlow news, November 23 — According to The Block, cryptocurrency ATM operator Crypto Dispensers is evaluating a potential $100 million sale offer, just days after its founder and CEO Firas Isa was charged by federal prosecutors with involvement in a $10 million money laundering scheme. The company has hired advisors to conduct a "strategic review" and stated that its 2020 shift from physical bitcoin ATMs to a software-first model was in response to "fraud risks, regulatory pressure, and compliance requirements." Isa has pleaded not guilty to the charges, which carry a maximum penalty of 20 years in prison if convicted. The company has not commented on how the criminal charges may impact the potential sale process.
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