Cryptocurrency Firms Athena Bitcoin and Genesis Coin Face Legal Scrutiny Over Elder Fraud Allegations

Athena Bitcoin and Genesis Coin are facing potential class action litigation amid allegations that their services have contributed to an “epidemic” of elder fraud. According to Marc E. Dann, an ex-state attorney general, “We’re taking a new legal problem and we’re trying to find solutions for our client.” As elder fraud continues to proliferate, legal experts are scrutinizing the role of cryptocurrency companies in facilitating these schemes. For further details on this developing story, visit FeedBlitz.