Washington D.C. Attorney General sues Bitcoin ATM operator for predatory practices

ChainCatcher news, Washington D.C. Attorney General Brian Schwab filed a lawsuit against Bitcoin ATM operator Athena Bitcoin, Inc. on September 8, 2025, accusing the company of illegally profiting from financial scams targeting the elderly and vulnerable populations.

Investigations show that 93% of the deposits at Bitcoin ATMs operated by Athena in the district are directly related to scams, with the median age of victims being 71 years old. The company is accused of charging hidden transaction fees of up to 26% (far exceeding the industry standard of 0.24%-3%) and enforcing a strict "no refund" policy on scam victims. The Attorney General's office demands that Athena comply with the law, provide compensation to victims, and accept penalties.