Athena Bitcoin

Athena Bitcoin
TypesPinnacle Financial Solutions Ltd Edit this on Wikidata

Athena Bitcoin is a cryptocurrency company that operates over 4,000 bitcoin ATMs in the United States.[1] Athena Bitcoin, Inc. is owned by Athena Bitcoin Global and traded as ABIT:PKC.[2]

In 2021, Athena Bitcoin planned to invest over $1 million to gradually install approximately 1,500 cryptocurrency ATMs across El Salvador to facilitate Bitcoin transactions, especially for handling remittances.[3]

An Athena Bitcoin ATM in El Zonte, El Salvador

Lawsuits

In 2025 Brian Schwalb, Attorney General for the District of Columbia sued Athena Bitcoin alleging that 93% of deposits in the first six months of the company opening in DC were fraud related.[4] Athena Bitcoin responded saying they have strong safeguards in place.[5] They operate 138 ATMs in Maryland, where another lawsuit is taking place.[6] They charge fees of up to 26%.[4] They are also being sued by AML Software who is accusing the Bitcoin ATM operator of trying to steal its source code.[7]

References

  1. ^ "Bitcoin ATMs enable cryptocurrency scams, federal prosecutor alleges - CBS News". www.cbsnews.com. 2025-10-31. Retrieved 2025-11-05.
  2. ^ "Athena Bitcoin Global, ABIT:PKC summary - FT.com". markets.ft.com. Retrieved 2025-11-05.
  3. ^ "Athena says will install 1,500 cryptocurrency ATMs in El Salvador".
  4. ^ a b "DC sues crypto ATM operator for 'exploiting' residents". WJLA. Retrieved 2025-11-05.
  5. ^ "Americans are losing millions to scammers at crypto ATMs. Here's how companies profit". www.cnn.com. Retrieved 2025-11-05.
  6. ^ Round, Ian (2025-04-25). "Bitcoin ATM operator sued in MD for alleged elder financial abuse". Maryland Daily Record. Retrieved 2025-11-05.
  7. ^ "Athena Bitcoin Accused of Stealing ATM Source Code From AML".

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