D.C. Attorney General Sues Athena Bitcoin Over Fraud Allegations

A Maryland retiree, Diane Reynolds, lost $13,100 after being duped into converting her savings into Bitcoin at an Athena Bitcoin ATM, believing she was protecting her bank account from hackers.

Bitcoin ATMs enable cryptocurrency scams, federal prosecutor alleges https://t.co/hB3BAQqHdz

— DailySprint (@DailySprint) October 31, 2025

The case is now central to a lawsuit filed by Washington, D.C., Attorney General Brian Schwalb, who accuses Athena Bitcoin of enabling scams and profiting from them through hidden fees and inadequate anti-fraud systems.

Schwalb’s office claims Athena charged up to 26% per transaction, with 93% of deposits allegedly linked to fraudulent activity. Athena denies wrongdoing, telling CBS News it employs multiple safeguards, including daily limits and verification screens.

The Federal Trade Commission and Better Business Bureau warn that crypto ATM scams are rising, particularly targeting seniors. Reynolds, now suing Athena, hopes to raise awareness about how criminals exploit Bitcoin ATMs to steal life savings.

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