AML Software Sues Athena Bitcoin Over Stolen Bitcoin ATM Software
AML Software has filed a lawsuit against Bitcoin ATM operator Athena Bitcoin, alleging copyright infringement and trade secret theft. The dispute centres around the use of AML's proprietary software in Bitcoin ATMs, originally supplied by SandP Solutions.
The saga began when Jordan Mirch, CEO of Taproot Acquisition Enterprises, allegedly orchestrated a fraudulent scheme to acquire Bitcoin ATMs from SandP Solutions. Mirch is accused of collaborating with Athena Bitcoin to steal AML Software's copyrighted source code, used in those ATMs, after SandP was forced out of business due to legal issues in Ohio.
Athena Bitcoin gained immediate ownership of the ATMs and the source code under a $9 million settlement. However, AML Software claims Athena was aware the software platform belonged to them. The lawsuit alleges Athena attempted to take over 3,000 machines from a third party using the stolen code. An AML Software developer was allegedly hired to facilitate this theft. Athena is also facing a separate lawsuit alleging it profits from elderly scams.
AML Software's lawsuit against Athena Bitcoin alleges copyright infringement, trade secret theft, and unlawful conduct related to the unauthorized transfer and use of their proprietary software. The case is ongoing, with potential implications for both companies and the wider Bitcoin ATM industry.
Read also:
- Thieves Steal Unique Sculptures from Redwood National Park's Grove of Titans
- Stellantis Pivots US Strategy: Drops Electric Dodge Charger, Embraces V8s
- Thessaly's Climate Plan Stalls Two Years After Storm Daniel Devastation
- Strategizing the Integration of Digital Menus as a Core Element in Business Operations
