Washington, D.C. Attorney General Brian L. Schwalb on Monday announced a lawsuit against Athena Bitcoin, Inc., accusing the bitcoin ATM operator of long ignoring scams targeting elderly residents and failing to disclose high fees.
The company, which operates 4,100 bitcoin ATMs in five countries, was charged with two counts of violations of the Consumer Protection Procedures Act, including deceptive and unfair trading practices. Athena was also charged with financial exploitation of vulnerable adults and the elderly.
Athena's over the counter stock rose 8.5% to $0.02 on Monday, according to reports. But the company's share price has fallen 83% this year.
Washington D.C. Attorney General Accuses Athena Bitcoin of Profiting from Scams Targeting the Elderly
2025-09-09 01:31:00
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