Washington, D.C. Attorney General accused Bitcoin ATM operator Athena Bitcoin of making money through fraud targeting seniors

According to Golden Finance, Washington, DC Attorney General Brian L. Schwalb announced a lawsuit against AthenaBitcoin, Inc. on Monday, accusing the Bitcoin ATM operator of long-term disregard for fraud against elderly residents and did not disclose high handling fees. The company operates 4,100 Bitcoin ATMs in five countries and is charged with two violations of the Consumer Protection Procedure Act, including deceptive and unfair transaction practices. At the same time, Athena is also accused of financial exploitation of vulnerable adults and the elderly. Athena's over-the-counter shares were reportedly up 8.5% to $0.02 on Monday. But the company's stock price has fallen by 83% this year.