🚨 Breaking Crypto News! 🚨

Olumide Osunkoya has pleaded guilty to running an illegal network of crypto ATMs across the UK, marking the country's first conviction of its kind. Operating 11 ATMs without FCA registration, Osunkoya processed £2.6M in transactions. He used false documents and avoided standard checks, raising concerns about money laundering.

Key Points:

- First UK conviction for unregistered crypto ATMs

- £2.6M in transactions from Dec 2021 to Sep 2023

- FCA found £19,540 in cash linked to illegal activities

What are your thoughts on this landmark case? Share in the comments! 💬