Athena Bitcoin Sued Over Undisclosed Fees On Crypto ATMs
The Attorney General’s office in Washington, DC, has sued crypto ATM operator Athena Bitcoin, claiming it charged undisclosed fees on deposits the company knew were tied to scams and failed to put sufficient anti-fraud protections in place.
DC Attorney General Brian Schwalb alleged on Monday that 93% of deposits on Athena in its first five months were the “direct result of scams” and criticized the firm’s no-refund policy, which he said is preventing victims from recovering allegedly undisclosed fees and scam losses.
“Athena knows that its machines are being used primarily by scammers yet chooses to look the other way so that it can continue to pocket sizable hidden transaction fees.”
It comes amid a broader crackdown on…
