🚨 UK Man Pleads Guilty to Running Illegal Crypto ATMs 🚨

Olumide Osunkoya has become the first person in the UK to admit guilt for illegally operating cryptocurrency ATMs.

Between 2021 and 2023, he ran 11 unlicensed crypto ATMs, processing £2.6 million ($3.5M). Despite being denied registration by the Financial Conduct Authority (FCA), Osunkoya expanded his network, placing machines in local shops without verifying customers.

The court also heard he used a fake identity, raising concerns about money laundering.

He faces multiple charges, potentially landing him up to 14 years in prison. This case highlights the FCA’s crackdown on illegal crypto operations.
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