Risky Bulletin Newsletter
September 15, 2025
Risky Bulletin: US largest crypto ATM operator sued for profiting from scams
Presented by
News Editor
The District of Columbia Office of the Attorney General has filed a lawsuit against the largest crypto ATM operator in the US, Athena Bitcoin.
The lawsuit alleges the company knew its Bitcoin ATMs were being used to collect funds from scam victims, but instead of stopping the transfers, it charged large hidden fees and then refused to provide refunds to victims.
Officials say that 93% of all deposits made across the seven Bitcoin ATMs the company operates in DC were the result of scams.