AiCoin|Nov 18, 2025 22:47
[Crypto ATM Operator Virtual Assets and CEO Accused of Laundering $10 Million]
The U.S. Attorney's Office for the Northern District of Illinois announced that cryptocurrency ATM operator Virtual Assets LLC and its CEO Firas Isa were charged with money laundering this Tuesday. Prosecutors allege that Isa and the company assisted criminals in laundering at least $10 million through cryptocurrency. The funds involved were deposited into the company's accounts, converted into cryptocurrency, and transferred to digital wallets. If convicted, Isa could face up to 20 years in prison. Currently, Isa and the company have pleaded not guilty to the charges.
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