Athena Bitcoin's $9M Settlement: Code Theft and Lawsuits

Bitcoin ATM giant Athena Bitcoin is embroiled in a high-stakes legal battle! AML Software is accusing Athena of stealing the secret sauce behind thousands of Bitcoin ATMs – its copyrighted source code. The lawsuit alleges a scheme involving copyright infringement, trade secret misappropriation, and a shady deal involving thousands of ATMs acquired from another company. While Athena settled one lawsuit for $9 million, acquiring the ATMs and software in question, they're also battling a separate lawsuit in D.C. for allegedly profiting from scams targeting seniors. Senators are now stepping in, promising to crack down on the Bitcoin ATM industry. Hosted on Acast. See acast.com/privacy for more information.