Buy CryptoMarketsSpotFuturesGOLDEarnEvent Center
More
Commodity Zero-Fee Gala
TLDR AML Software has filed a lawsuit against Athena Bitcoin, accusing the company of attempting to steal its proprietary source code. The lawsuit alleges that Athena Bitcoin engaged in copyright infringement and the misappropriation of trade secrets. The complaint names Jordan Mirch as the main individual behind the fraudulent actions involving the acquisition of Bitcoin [...] The post Athena Bitcoin Faces Lawsuit Over Alleged Theft of Source Code appeared first on CoinCentral.TLDR AML Software has filed a lawsuit against Athena Bitcoin, accusing the company of attempting to steal its proprietary source code. The lawsuit alleges that Athena Bitcoin engaged in copyright infringement and the misappropriation of trade secrets. The complaint names Jordan Mirch as the main individual behind the fraudulent actions involving the acquisition of Bitcoin [...] The post Athena Bitcoin Faces Lawsuit Over Alleged Theft of Source Code appeared first on CoinCentral.

Athena Bitcoin Faces Lawsuit Over Alleged Theft of Source Code

Author: Coincentral
Source: Coincentral
2025/09/25 22:41
4 min read
Polytrade
TRADE$0,03595+%4,87
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

TLDR

  • AML Software has filed a lawsuit against Athena Bitcoin, accusing the company of attempting to steal its proprietary source code.
  • The lawsuit alleges that Athena Bitcoin engaged in copyright infringement and the misappropriation of trade secrets.
  • The complaint names Jordan Mirch as the main individual behind the fraudulent actions involving the acquisition of Bitcoin ATMs.
  • Athena Bitcoin allegedly tried to acquire AML Software’s source code through a side deal with Taproot Acquisition Enterprises.
  • Athena Bitcoin is also facing a separate lawsuit in Washington, D.C. related to scams targeting elderly customers.

AML Software, based in Illinois, has filed a lawsuit against Athena Bitcoin, accusing the ATM operator of attempting to steal its source code. According to the complaint, Athena engaged in several illegal activities, including copyright infringement and the misappropriation of trade secrets. AML Software, which develops the code powering Bitcoin ATMs, claims Athena conspired with other parties to acquire its proprietary software wrongfully.

The complaint details how Athena Bitcoin allegedly attempted to take over 3,000 Bitcoin ATMs starting in 2023. AML Software asserts that its code powers many of these machines, enabling customers to exchange cash for cryptocurrency. The lawsuit claims that Athena sought to acquire the software and attempted to bypass AML’s ownership rights to achieve its goals.

AML Software further contends that Athena Bitcoin and its associates, including Jordan Mirch, were part of a broader scheme to unlawfully take control of its software. The company alleges that these actions were premeditated and aimed at taking over AML Software’s technology without authorization.

Athena Bitcoin’s Alleged Role in Misappropriating Source Code

The lawsuit claims that Athena Bitcoin, led by its CEO, was fully aware of the ownership of the software involved in the scheme. According to AML Software, Mirch, who was involved with Taproot Acquisition Enterprises, orchestrated the fraudulent transfer of Bitcoin ATMs, which were powered by AML’s code.

In its complaint, AML Software explains that Mirch had previously acquired Bitcoin ATMs from SandP Solutions through fraudulent actions. These actions are currently being litigated in Illinois. The company also alleges that Mirch sought to bypass AML Software’s control over the source code by using side deals with Athena to transfer the technology along with the ATMs.

Despite prior discussions about a potential deal between AML Software and Athena Bitcoin, the two companies could not agree on terms. As the situation progressed, Mirch allegedly hired an AML developer to work as a consultant, not to create new code but to acquire AML’s software. The complaint claims that this was a deliberate attempt to steal proprietary code without permission.

$9 Million Settlement Adds to Legal Troubles

In response to the accusations, Athena Bitcoin has become embroiled in additional legal challenges. Earlier this month, the company entered a $9 million settlement agreement that purportedly granted it immediate ownership of both the ATMs and the source code. However, this agreement also eliminated a previous revenue-sharing deal with Taproot and its affiliates.

The ongoing legal issues for Athena Bitcoin have added to its financial difficulties. Athena’s stock, which trades over the counter, has seen a dramatic 84% drop in value this year. In addition to the Illinois lawsuit, Athena Bitcoin is facing another legal challenge in Washington, D.C., over accusations that it profited from scams targeting elderly customers, charging hidden fees of up to 26%.

While the legal battles continue, Athena Bitcoin’s position remains uncertain. The company’s actions have drawn the attention of lawmakers, including Senator Cynthia Lummis, who plans to address the issue of scam-related Bitcoin ATMs through new market structure legislation.

The post Athena Bitcoin Faces Lawsuit Over Alleged Theft of Source Code appeared first on CoinCentral.

Market Opportunity
Polytrade Logo
Polytrade Price(TRADE)
$0,03595
$0,03595$0,03595
+%0,22
USD
Polytrade (TRADE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

The Federal Reserve cut interest rates by 25 basis points, and Powell said this was a risk management cut

The Federal Reserve cut interest rates by 25 basis points, and Powell said this was a risk management cut

PANews reported on September 18th, according to the Securities Times, that at 2:00 AM Beijing time on September 18th, the Federal Reserve announced a 25 basis point interest rate cut, lowering the federal funds rate from 4.25%-4.50% to 4.00%-4.25%, in line with market expectations. The Fed's interest rate announcement triggered a sharp market reaction, with the three major US stock indices rising briefly before quickly plunging. The US dollar index plummeted, briefly hitting a new low since 2025, before rebounding sharply, turning a decline into an upward trend. The sharp market volatility was closely tied to the subsequent monetary policy press conference held by Federal Reserve Chairman Powell. He stated that the 50 basis point rate cut lacked broad support and that there was no need for a swift adjustment. Today's move could be viewed as a risk-management cut, suggesting the Fed will not enter a sustained cycle of rate cuts. Powell reiterated the Fed's unwavering commitment to maintaining its independence. Market participants are currently unaware of the risks to the Fed's independence. The latest published interest rate dot plot shows that the median expectation of Fed officials is to cut interest rates twice more this year (by 25 basis points each), one more than predicted in June this year. At the same time, Fed officials expect that after three rate cuts this year, there will be another 25 basis point cut in 2026 and 2027.
Share
PANews2025/09/18 06:54
SEC Approves Generic Listing Standards for Crypto ETFs

SEC Approves Generic Listing Standards for Crypto ETFs

In a bombshell filing, the SEC is prepared to allow generic listing standards for crypto ETFs. This would permit ETF listings without a specific case-by-case approval process. The filing’s language rests on cryptoassets that are commodities, not securities. However, the Commission is reclassifying many such assets, theoretically enabling an XRP ETF alongside many other new products. Why Generic Listing Standards Matter The SEC has been tacitly approving new crypto ETFs like XRP and DOGE-based products, but there hasn’t been an unambiguously clear signal of greater acceptance. Huge waves of altcoin ETF filings keep reaching the Commission, but there hasn’t been a corresponding show of confidence. Until today, that is, as the SEC just took a sweeping measure to approve generic listing standards for crypto ETFs: “[Several leading exchanges] filed with the SEC proposed rule changes to adopt generic listing standards for Commodity-Based Trust Shares. Each of the foregoing proposed rule changes… were subject to notice and comment. This order approves the Proposals on an accelerated basis,” the SEC’s filing claimed. The proposals came from the Nasdaq, CBOE, and NYSE Arca, which all the ETF issuers have been using to funnel their proposals. In other words, this decision on generic listing standards could genuinely transform crypto ETF approvals. A New Era for Crypto ETFs Specifically, these new standards would allow issuers to tailor-make compliant crypto ETF proposals. If these filings meet all the Commission’s criteria, the underlying ETFs could trade on the market without direct SEC approval. This would remove a huge bottleneck in the coveted ETF creation process. “By approving these generic listing standards, we are ensuring that our capital markets remain the best place in the world to engage in the cutting-edge innovation of digital assets. This approval helps to maximize investor choice and foster innovation by streamlining the listing process,” SEC Chair Paul Atkins claimed in a press release. The SEC has already been working on a streamlined approval process for crypto ETFs, but these generic listing standards could accomplish the task. This rule change would rely on considering tokens as commodities instead of securities, but federal regulators have been reclassifying assets like XRP. If these standards work as advertised, ETFs based on XRP, Solana, and many other cryptos could be coming very soon. This quiet announcement may have huge implications.
Share
Coinstats2025/09/18 06:14
South Korea Halts Trading as Global Markets Plunge

South Korea Halts Trading as Global Markets Plunge

The post South Korea Halts Trading as Global Markets Plunge appeared on BitcoinEthereumNews.com. The Korean Stock Exchange was forced to halt trading after the
Share
BitcoinEthereumNews2026/03/05 07:04