Olumide Osunkoya sentenced to 4 years for illegally operating crypto ATM network

News Financial services Sanctions & Fines

Date: 28th Feb, 2025 Source: Financial Conduct Authority Country: United Kingdom Original Source

Brief

"On 28/02/2025, Olumide Osunkoya was sentenced to 4 years in prison for illegal crypto activity worth over £2.5m and associated offences. Mr Osunkoya operated a network of unregistered crypto ATMs, transferring the machines from his company GidiPlus Ltd to evade detection and later personally operating them under a false name."

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Financial Conduct Authority

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Olumide Osunkoya sentenced to 4 years for illegally operating crypto ATM network

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Olumide Osunkoya sentenced to 4 years for illegally operating crypto ATM network

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