Athena Bitcoin
Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.
anchored·5nCorf…jNedSummary
Athena Bitcoin, Inc. (OTC: ABIT) is one of the largest Bitcoin ATM (BTM) operators in the United States, with approximately 3,600–4,100 kiosks across 29 states and five countries. The company faces multiple active lawsuits, including a September 2025 action by the Washington, D.C. Attorney General alleging that 93% of deposits into its D.C.-area kiosks were tied to fraud and that the company charged undisclosed fees of up to 26% per transaction while refusing refunds to scam victims. Athena disputes the allegations and states it employs robust consumer-protection protocols; as of the investigation date, no court has adjudicated the merits of these claims.
Connected Entities
1 entities · 10 linked investigations- + 4 more
Timeline(8 events)
1 January 2015
Athena Bitcoin founded by Eric Gravengaard to operate a network of Bitcoin ATM kiosks.
Athena Bitcoin official site1 January 2022
Athena Bitcoin files S-1 registration statement with the SEC for Athena Bitcoin Global (ABIT), seeking OTC public listing.
SEC EDGAR25 November 2024
DannLaw files class action in Superior Court of New Jersey on behalf of 74-year-old Karen Carew, alleging Athena facilitated impersonation scam losses of $39,000 and charged $10,060 in fees while refusing refunds. CEO Matias Golenhorn named individually.
DannLaw press release8 September 2025
Washington, D.C. Attorney General Brian L. Schwalb files 30-page civil complaint against Athena Bitcoin in DC Superior Court, alleging 93% of DC kiosk deposits were fraud-linked, fees up to 26% were undisclosed, and median victim age was 71.
DC Office of the Attorney General24 September 2025
AML Software files federal lawsuit against Athena Bitcoin and Jordan Mirch in SDFL alleging copyright infringement and trade secret misappropriation of Bitcoin ATM source code through an alleged fraudulent acquisition scheme.
Decrypt6 November 2025
Proposed consumer class action filed in SDFL alleging Athena violated Florida's Deceptive and Unfair Trade Practices Act through undisclosed fees up to 26% and deceptive refund policies.
ABA Banking Journal11 March 2026
Preliminary approval granted for $4.5 million settlement in Jackson v. Athena Bitcoin telemarketing class action (Case No. 4:24-cv-331), with final approval hearing scheduled for August 10, 2026. No finding of liability.
ClassAction.org20 August 2026
Douglas Arnold Schuler files class action in SDTX alleging Athena failed to prevent $26,600 loss to government impersonation scam despite multiple alleged red flags, seeking to represent all Texas residents over 60 victimized through Athena kiosks.
AboutLawsuits.comDecision Log
- hash: AuegSkstq9hwhwzwvVP5znNbrTVXQuXf1YSBq24nauDR
This investigation is cryptographically anchored to the Solana blockchain (1 event). 18 of 19 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 9/15/2026, 5:12:08 PM
last updated: 9/16/2026, 12:12:21 AM
avoid.net — verified advice for a post-truth world