Organization:Athena Bitcoin
Athena Bitcoin is a cryptocurrency company that operates over 4,000 bitcoin ATMs in the United States.[1] Athena Bitcoin, Inc. is owned by Athena Bitcoin Global and traded as ABIT:PKC.[2]
In 2021, Athena Bitcoin planned to invest over $1 million to gradually install approximately 1,500 cryptocurrency ATMs across El Salvador to facilitate Bitcoin transactions, especially for handling remittances.[3]
Lawsuits
In 2025 Brian Schwalb, Attorney General for the District of Columbia sued Athena Bitcoin alleging that 93% of deposits in the first six months of the company opening in DC were fraud related.[4] Athena Bitcoin responded saying they have strong safeguards in place.[5] They operate 138 ATMs in Maryland, where another lawsuit is taking place.[6] They charge fees of up to 26%.[4] They are also being sued by AML Software who is accusing the Bitcoin ATM operator of trying to steal its source code.[7]
References
- ↑ "Bitcoin ATMs enable cryptocurrency scams, federal prosecutor alleges - CBS News" (in en-US). 2025-10-31. https://www.cbsnews.com/news/bitcoin-atm-scams-athena-lawsuit/.
- ↑ "Athena Bitcoin Global, ABIT:PKC summary - FT.com". https://markets.ft.com/data/equities/tearsheet/summary?s=ABIT:PKC.
- ↑ "Athena says will install 1,500 cryptocurrency ATMs in El Salvador". https://www.reuters.com/technology/athena-says-will-install-1500-cryptocurrency-atms-el-salvador-2021-06-25/.
- ↑ 4.0 4.1 "DC sues crypto ATM operator for 'exploiting' residents" (in en). https://wjla.com/news/local/dc-attorney-general-schwalb-sues-athena-bitcoin-crypto-atm-cryptocurrency-scams-washington-seniors-fraud-financial-exploitation-hidden-fees-teller-machines-consumer-protection-lawsuit-investigation.
- ↑ "Americans are losing millions to scammers at crypto ATMs. Here’s how companies profit" (in en). https://www.cnn.com/interactive/2025/10/us/crypto-atm-scams-companies-profit-invs-vis/.
- ↑ Round, Ian (2025-04-25). "Bitcoin ATM operator sued in MD for alleged elder financial abuse" (in en-US). https://thedailyrecord.com/2025/04/25/bitcoin-atms-primary-use-is-to-scam-seniors-lawsuit-alleges/.
- ↑ "Athena Bitcoin Accused of Stealing ATM Source Code From AML". https://news.bloomberglaw.com/ip-law/athena-bitcoin-accused-of-stealing-atm-source-code-from-aml.
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