Saturday, October 18, 2025
SCRYPTO MAGAZINE
No Result
View All Result
  • Home
  • Crypto
  • Bitcoin
  • Blockchain
  • Market
  • Ethereum
  • Altcoins
  • XRP
  • Dogecoin
  • NFTs
  • Regualtions
SCRYPTO MAGAZINE
No Result
View All Result
Home Bitcoin

Athena Bitcoin Global faces U.S fraud allegations after co-sponsoring rally

SCRYPTO MAGAZINE by SCRYPTO MAGAZINE
September 22, 2025
in Bitcoin
0
Athena Bitcoin Global faces U.S fraud allegations after co-sponsoring rally
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


Key Takeaways

Why is crypto elevating considerations within the UK?

Proper-wing actions are more and more utilizing crypto, and nameless transactions might enable overseas or felony affect in politics.

What occurred with Athena in El Salvador?

Athena put in Chivo-branded ATMs, however app flaws brought about 400,000 fraudulent accounts to obtain authorities stipend.

Related articles

Bitcoin – How THESE macro factors could drive BTC’s next move

Bitcoin – How THESE macro factors could drive BTC’s next move

October 18, 2025
‘We Would Already Be Below $108,000 If The Crash Wasn’t Over’

‘We Would Already Be Below $108,000 If The Crash Wasn’t Over’

October 18, 2025

The cryptocurrency sector is grabbing the headlines but once more. Not only for value surges and rising adoption, however for different causes too. 

In the UK, as an illustration, information media retailers like ‘The Observer’ are sounding alarms after reviews about Elon Musk talking at a Whitehall occasion surfaced final week. The occasion in query was largely sponsored by crypto corporations.

Analysts imagine right-wing actions within the nation are more and more being drawn to decentralized digital currencies. As anticipated, this has sparked contemporary debates concerning the social and political implications of the crypto increase.

How is Athena to be blamed?

Athena Bitcoin World, a key sponsor of the Whitehall occasion, is dealing with critical allegations in the US. 

The corporate, which operates Bitcoin [BTC] ATMs, was accused by DC Legal professional Normal Brian Schwalb of taking advantage of scams concentrating on aged victims.

Based on the lawsuit, 93% of deposits within the district throughout the first 5 months had been linked to fraud, with one senior reportedly shedding $98,000 over three days.

The typical age of the victims was 71, highlighting the dimensions and severity of the alleged exploitation.

The lawsuit added,

“Not solely has Athena completed little to nothing to forestall this fraud, however it has as an alternative pocketed tons of of 1000’s of {dollars} in undisclosed charges on the backs of rip-off victims and adopted insurance policies to forestall these victims from recovering any of their losses.”

Therefore, authorities have cautioned that cryptocurrencies might threaten British democracy by permitting overseas actors to secretly fund political teams.

Based on Tom Keatinge, Director on the Royal United Providers Institute’s Centre for Finance and Safety, whereas most UK residents see crypto as area of interest, it has turn into mainstream inside far-right circles. This can be a group that has been steadily rising over the previous few years. 

“Traditionally, there’s been one type of cash. It’s been issued by the central financial institution, and that’s been managed by the federal government. That isn’t the case any extra.”

El Salvador raised an identical pink flag

Athena Bitcoin World has additionally confronted scrutiny in El Salvador.

In El Salvador, it charged hundreds of thousands to put in Chivo-branded Bitcoin ATMs regardless of low adoption. Additionally, flaws within the ATM app reportedly led to 400,000 fraudulent accounts receiving authorities stipends, costing taxpayers $12–24 million.

For his half, Athena CEO Matias Goldenhörn defended the corporate’s sponsorship of a current London rally. He referred to as Bitcoin “the free speech of cash,” whereas criticizing “anti-free speech tyranny.”

In addition to Athena, different crypto sponsors included Fomo, a crypto coin, and V-Social, a social community providing crypto rewards. Advance UK, led by former Reform UK co-deputy chief Ben Habib, additionally backed the occasion.

Outdoors of those aforementioned considerations, the UK seems to be pivoting on crypto. In doing so, it is likely to be aligning extra intently with the U.S to streamline laws, help stablecoins, and foster innovation.

If succesful, this collaboration might increase institutional confidence, drive adoption, and reinforce the UK’s position in world digital finance.

Nonetheless, tensions stay, particularly because the crypto group pushes again in opposition to measures just like the Financial institution of England’s proposed stablecoin caps. This highlights the fragile stability between oversight and innovation.

Earlier: Trust Wallet Token rally explained: Why retail buying is a double-edged sword
Subsequent: ASTER price prediction – How whale movements, fair value gap retest could fuel new rally



Source link

Tags: AllegationsAthenaBitcoincosponsoringFacesfraudGlobalRallyU.S
Share76Tweet47

Related Posts

Bitcoin – How THESE macro factors could drive BTC’s next move

Bitcoin – How THESE macro factors could drive BTC’s next move

by SCRYPTO MAGAZINE
October 18, 2025
0

Key Takeaways What macro indicators recommend Bitcoin may recuperate quickly?  The Monetary Stress Index is presently under zero, signaling low...

‘We Would Already Be Below $108,000 If The Crash Wasn’t Over’

‘We Would Already Be Below $108,000 If The Crash Wasn’t Over’

by SCRYPTO MAGAZINE
October 18, 2025
0

Because the week attracts to a detailed, Bitcoin continues to point out indicators of resilience following its dramatic flash crash...

Decoding Bitcoin’s 4-day price drop – Is BTC’s $100K at risk?

Decoding Bitcoin’s 4-day price drop – Is BTC’s $100K at risk?

by SCRYPTO MAGAZINE
October 18, 2025
0

Key Takeaways Is Bitcoin’s current dip signaling capitulation? Bitcoin’s on-chain metrics and $2.75 billion in realized losses counsel weak arms...

Is Bitcoin About To See A Repeat Of 2020-2021? What Happened After The Last Flash Crash

Is Bitcoin About To See A Repeat Of 2020-2021? What Happened After The Last Flash Crash

by SCRYPTO MAGAZINE
October 17, 2025
0

On October 20, 2025, the crypto market saw a major flash crash that despatched Bitcoin down 20%, and altcoins suffered between...

Bitcoin – Will China’s $24.9T liquidity spark a $117K BTC rally?

Bitcoin – Will China’s $24.9T liquidity spark a $117K BTC rally?

by SCRYPTO MAGAZINE
October 17, 2025
0

Key Takeaways How may China’s rising M2 cash provide impression Bitcoin?  Traditionally, elevated Chinese language liquidity has correlated with BTC...

Load More
  • Trending
  • Comments
  • Latest
Analysts’ 2025 Bull Market Predictions

Bitcoin Entering Second ‘Price Discovery Uptrend’, What’s Ahead?

January 21, 2025
Bitcoin Spot-Perpetual Price Gap Turns Negative

Bitcoin Spot-Perpetual Price Gap Turns Negative

December 23, 2024
Bitcoin Price Flashes Major Buy Signal On The 4-Hour TD Sequential Chart, Where To Enter?

Bitcoin Price Flashes Major Buy Signal On The 4-Hour TD Sequential Chart, Where To Enter?

December 24, 2024
Cardano Price Outlook: The $0.40 Threshold Could Unlock Doors to $1

Cardano Price Outlook: The $0.40 Threshold Could Unlock Doors to $1

December 23, 2024
Bitcoin could reach this unbelievable price by 2025, but these factors must align

Bitcoin could reach this unbelievable price by 2025, but these factors must align

0
XRP Consolidation Could End Once It Clears $2.60 – Top Analyst Expects $4 Soon

XRP Consolidation Could End Once It Clears $2.60 – Top Analyst Expects $4 Soon

0

Fed Can’t Hold Bitcoin, No Plans Yet To Change Law, Powell Says

0
Bears Take Full Control of the Market

Bears Take Full Control of the Market

0
Huobi Founder Eyes $1,000,000,000 Ethereum Treasury Firm

Huobi Founder Eyes $1,000,000,000 Ethereum Treasury Firm

October 18, 2025
Analyst Predicts XRP Price Will Hit $1,200 With 50,000% Run Driven By These Factors

Analyst Predicts XRP Price Will Hit $1,200 With 50,000% Run Driven By These Factors

October 18, 2025
Ghana Moves Toward Crypto Regulation Amid Rising User Adoption

Ghana Moves Toward Crypto Regulation Amid Rising User Adoption

October 18, 2025
XRP Reset: Billions in OI Wiped Out as Prices Touch $2.20

XRP Reset: Billions in OI Wiped Out as Prices Touch $2.20

October 18, 2025

Recent News

Huobi Founder Eyes $1,000,000,000 Ethereum Treasury Firm

Huobi Founder Eyes $1,000,000,000 Ethereum Treasury Firm

October 18, 2025
Analyst Predicts XRP Price Will Hit $1,200 With 50,000% Run Driven By These Factors

Analyst Predicts XRP Price Will Hit $1,200 With 50,000% Run Driven By These Factors

October 18, 2025

Categories

  • Altcoins
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Dogecoin
  • Ethereum
  • Market
  • NFTs
  • Regualtions
  • XRP

Recommended

  • Huobi Founder Eyes $1,000,000,000 Ethereum Treasury Firm
  • Analyst Predicts XRP Price Will Hit $1,200 With 50,000% Run Driven By These Factors
  • Ghana Moves Toward Crypto Regulation Amid Rising User Adoption
  • XRP Reset: Billions in OI Wiped Out as Prices Touch $2.20
  • Bitcoin – How THESE macro factors could drive BTC’s next move

© 2025 SCRYPTO MAGAZINE | All Rights Reserved

No Result
View All Result
  • Home
  • Crypto
  • Bitcoin
  • Blockchain
  • Market
  • Ethereum
  • Altcoins
  • XRP
  • Dogecoin
  • NFTs
  • Regualtions

© 2025 SCRYPTO MAGAZINE | All Rights Reserved