Attention, crypto enthusiasts! 🌐

🔹 The owner of 11 cryptocurrency ATMs in the UK, Olumide Osunkoya, has pleaded guilty to fraud and money laundering. He operated without FCA registration, processing over £2.6 million in transactions.

🔹 Between 2021 and 2023, his ATMs in local stores facilitated illicit activities. Osunkoya used fake aliases and forged documents to evade regulations.

🔹 The FCA warns: "Using a crypto ATM is handing your money over to criminals."

💬 What do you think about this news? Comment below!