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The Attorney General for the District of Columbia has sued Bitcoin ATM operator Athena, accusing it of illegally profiting from financial fraud.

By: theblockbeats.news|2025/09/09 01:51:58

BlockBeats News, September 9th. On September 8, 2025, Washington, D.C. Attorney General Brian Schwaab filed a lawsuit against Bitcoin ATM operator Athena Bitcoin, Inc., accusing the company of illegally profiting from financial fraud targeting the elderly and vulnerable groups. An investigation revealed that 93% of the deposits in Athena's Bitcoin ATMs in the District were directly linked to fraud, with a median victim age of 71. The company is accused of charging up to a 26% hidden transaction fee (far above the industry standard of 0.24%-3%) and implementing a strict "no refund" policy for fraud victims. The Attorney General's office has demanded that Athena comply with the law, compensate the victims, and face penalties.

Korean trader Nam Seok-hee has increased his meme coin positions to 60, with a heavy focus on ENA, WLD, and MYX.

Arthur Hayes Long on ENA, Price Could Surge Beyond $1.50