DC Attorney General alleges Athena Bitcoin may have charged undisclosed fees and lacked safeguards amid spike in crypto ATM fraud
The post DC Attorney General alleges Athena Bitcoin may have charged undisclosed fees and lacked safeguards amid spike in crypto ATM fraud appeared on BitcoinEthereumNews.com. Athena Bitcoin is accused of charging undisclosed fees at crypto ATMs and failing to stop fraud, with Washington, DC alleging 93% of deposits were scam-related, median victim age 71 and median loss $8,000; the suit seeks restitution and injunctions against the operator. Athena allegedly charged up to 26% in undisclosed transaction fees. Washington, DC says 93% of early deposits were tied to scams and targeted vulnerable adults. FBI reports nearly 11,000 crypto ATM complaints in 2024 totaling $246 million in losses. Athena Bitcoin undisclosed fees: DC sues crypto ATM operator over alleged hidden fees and scam facilitation — learn the risks and how to protect yourself. Washington, DC Attorney General Brian Schwalb alleges Athena Bitcoin charged undisclosed fees and lacked safeguards to stop fraud and scams at its crypto ATMs. ‘, ‘
The post DC Attorney General alleges Athena Bitcoin may have charged undisclosed fees and lacked safeguards amid spike in crypto ATM fraud appeared on BitcoinEthereumNews.com.
Athena Bitcoin is accused of charging undisclosed fees at crypto ATMs and failing to stop fraud, with Washington, DC alleging 93% of deposits were scam-related, median victim age 71 and median loss $8,000; the suit seeks restitution and injunctions against the operator. Athena allegedly charged up to 26% in undisclosed transaction fees. Washington, DC says 93% of early deposits were tied to scams and targeted vulnerable adults. FBI reports nearly 11,000 crypto ATM complaints in 2024 totaling $246 million in losses. Athena Bitcoin undisclosed fees: DC sues crypto ATM operator over alleged hidden fees and scam facilitation — learn the risks and how to protect yourself. Washington, DC Attorney General Brian Schwalb alleges Athena Bitcoin charged undisclosed fees and lacked safeguards to stop fraud and scams at its crypto ATMs. ‘, ‘
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