Technology Technology

UK man convicted of operating illegal crypto ATMs, faces jail

By Phoebe Seers
  • 30 Sep 2024 13:28
  • 30 Sep 2024 13:28
A man in the UK has become the first to be convicted of illegally operating crypto ATMs. Olumide Osunkoya pleaded guilty today to five offenses at a court in London. Osunkoya conducted no customer due diligence on those who used his ATMs, and the machines were likely to have been used

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Phoebe Seers

Correspondent


Phoebe has covered Financial Crime and compliance issues for MLex since 2015, initially in the Hong Kong bureau and currently in London. While in Hong Kong she won two SOPA awards for her reporting on corruption in the energy sector in Indonesia. Prior to journalism she worked as a solicitor with a focus on white-collar crime litigation in London and Hong Kong. She has a BA in English and Philosophy from Newcastle University.

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