Key Notes

The Chicago-based company operated crypto ATMs throughout the United States where criminals deposited illicit cash and converted it to cryptocurrency.

Prosecutors allege Isa knew the funds were derived from fraud and transferred converted cryptocurrency to wallets to conceal ownership.

Isa faces a maximum 20-year prison sentence if convicted and was released on $250,000 bond after pleading not guilty.

U.S. federal prosecutors charged the founder of a Chicago cryptocurrency company with money laundering conspiracy.

Firas Isa, 36, of Frankfort, Illinois, and his company Virtual Assets LLC face charges involving proceeds totaling at least $10 million from wire fraud and drug trafficking. The alleged scheme ran from August 2018 through May 2025.

The company operated as Crypto D

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