Athena Bitcoin Faces Lawsuit for Alleged Source Code Theft
- AML Software has filed a lawsuit against Athena Bitcoin, accusing it of attempting to steal its source code.
- The complaint alleges copyright infringement and misappropriation of trade secrets by Athena.
- Athena is also facing allegations of profiting from scams targeting the elderly, with hidden fees up to 26%.
- A $9 million settlement agreement was reached, granting Athena ownership of ATMs and source code.
- Athena’s stock increased by 5% to $0.0173, despite an overall decline of 84% year-to-date.
AML Software claims that Athena attempted to acquire its copyrighted source code through fraudulent means, involving several parties including Jordan Mirch and Taproot Acquisition Enterprises. The lawsuit highlights significant legal challenges for Athena as it navigates both the alleged theft and accusations related to elderly scams.
Despite these controversies, Athena managed a stock price increase following a settlement agreement that provided immediate ownership of ATMs and software platform rights, reflecting ongoing investor interest amid legal disputes. (Source)
