ATM Operator Athena Bitcoin Accused of Stealing Copyrighted Source Code

AML Software, a registered Illinois company, sued Athena Bitcoin, accusing Bitcoin ATM operator of trying to steal the source code, accusing Bitcoin ATM operator of trying to steal the source code, according to a complaint filed Tuesday.

The 16-page document claims AML software is trying to overtake 3,000 machines from third parties since 2023, claiming that Athena is engaged in copyright infringement, misappropriation of trade secrets, and “many other illegal activities.”

Decryption We reached out to Athena and AML Software attorneys for comment.

AML software developed code to enhance Bitcoin ATMs, and in its complaints described it as the “courage” of various machines that allow customers to exchange cash with Crypto. The lawsuit points out that the code in AML software is copyrighted.

The complaint has appointed several defendants, including Jordan Milchi, who is allegedly overseeing and managing companies that misuse AML software along with Athena. The complaint argues that Mirch is the “motivational force” behind the scheme.

Decryption Could not reach Milch due to comments.

A few years ago, the company called SANDP Solutions discovered it was in a difficult situation, the complaint said. The company has been banned from operating Bitcoin ATMs in Ohio, making it difficult to make profits with 2,800 Bitcoin ATMs, the complaint added.

As CEO of Taproot Acquisition Enterprises, Mirch is said to have been able to obtain SANDP Solutions’ Bitcoin ATM through “false misrepresentation.” [the company] Other illegal activities that are subject to another lawsuit in Illinois.”

The machines obtained by Mirch are said to be driven by code in AML software. At one point, Athena allegedly asked about purchasing code for AML software, but decided not to proceed with the transaction for unspecified reasons.

The AML software developer was contacted by Mirch via Taproot and was reportedly hired as a consultant. However, the complaint stated that individuals were not hired to write new code, but to attempt to “incorrectly obtain AML copyrighted source code.”

Although AML software never allowed the code to be sold, Mirch and Taproot are said to have set up a side deal with Athena along with 2,800 ATM, a Bitcoin ATM operator. According to Athena’s website, the company operates 3,600 Bitcoin ATMs nationwide.

“Athena is believed to be fully aware that the source code and software platforms that Mirch and Taproot entities plan to transfer belong to AML,” the complaint states.

Athena under a $9 million settlement agreement earlier this month I said Obtaining “immediate ownership of ATMs and source code” and eliminating revenue sharing agreements with Taproot and its associated entities.

Athena stock, trading in store, rose 5% to $0.0173 on Monday. Yahoo Finance. The company’s stock price has plummeted 84% since the start of the year.

The company faces another lawsuit in Washington, D.C. from Attorney General Brian L. Schwarb. he Appeal Earlier this month, Athena had benefited from fraud against older adults, but charged up to 26% for hidden fees from unconscious clients.

In some cases, local law enforcement agencies have turned into brute force by trying to help victims recover lost funds in fraud, but some U.S. courts have determined that cash belongs to ATM operators.

Liberal lawmakers have voiced the creation of a new safeguard, but U.S. Sen. Cynthia Ramis, R-WY, said Tuesday that she plans to address the issue. Market Structure Method It is co-hosted with Senator Kirsten Gillibrand (D-NY).