The District of Columbia’s Attorney General has filed a lawsuit against Athena Bitcoin, a major crypto ATM operator, accusing it of enabling fraudulent transactions and charging hidden fees to scam victims. The complaint reveals that 93% of deposits at Athena’s ATMs in DC during their first five months were connected to scams, with victims—mostly elderly—losing thousands per transaction. Athena Bitcoin faces allegations of deceptive business practices, inadequate fraud prevention, and exploiting vulnerable individuals. This legal move is part of a broader crackdown on crypto ATM fraud across the U.S., as regulators push for stricter controls to protect consumers.
Continue to read District of Columbia Takes Legal Action Against Athena Bitcoin Over Scam-Linked Transactions
The District of Columbia’s Attorney General has filed a lawsuit against Athena Bitcoin, a major crypto ATM operator, accusing it of enabling fraudulent transactions and charging hidden fees to scam victims. The complaint reveals that 93% of deposits at Athena’s ATMs in DC during their first five months were connected to scams, with victims—mostly elderly—losing thousands per transaction. Athena Bitcoin faces allegations of deceptive business practices, inadequate fraud prevention, and exploiting vulnerable individuals. This legal move is part of a broader crackdown on crypto ATM fraud across the U.S., as regulators push for stricter controls to protect consumers.
Continue to read District of Columbia Takes Legal Action Against Athena Bitcoin Over Scam-Linked Transactions
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