CHICAGO — Firas Isa, 36, founder and CEO of Virtual Assets LLC, also known as Crypto Dispensers, has been indicted on federal charges for allegedly laundering $10 million in proceeds from wire fraud and drug crimes.
Isa was indicted in September on one count of money laundering conspiracy, with the indictment unsealed on October 31. Federal prosecutors publicly announced the charges on Tuesday.
According to court records, Isa and his company allegedly collected large sums of cash from unnamed co-conspirators involved in wire fraud and drug offenses. The funds were reportedly deposited into Virtual Assets cryptocurrency ATMs, converted into cryptocurrency, and transferred into wallets to conceal the money’s illegal origin.
The alleged laundering took place between August 2018 and May 2025, totaling at least $10 million.
Isa voluntarily surrendered to authorities last month and pleaded not guilty before U.S. District Judge Elaine Bucklo. He was released on a $250,000 bond and is scheduled to return to court on January 30, 2026.
If convicted, Isa could face up to 20 years in federal prison.
