Athene Network has received a $100,000 default judgment against it.

Athene Annuity was awarded damages on August 22nd, following a trademark infringement lawsuit filed in May 2024.

Athene Annuity is a US-based financial services company that “manages several billions of dollars” in invested assets.

In its Arizona suit, Athene Annuity alleged Athene Network was violating its trademark. Athene Annuity claims it learned of Athene Network after investors contacted them in relation to disabled accounts.

Athene Network is an MLM AI ruse crypto Ponzi run by persons unknown. When BehindMLM reviewed Athene Network in February 2024, we noted the scheme’s “crypto mining” Ponzi ruse.

Today Athene Network is running a typical “staking” model Ponzi:

ATH is currently trading at $0.00001997, down 99.98% from it’s launch earlier this year.

Athene Network investors invest in its ATH token on the promise of up to 30% annually, paid in ATH tokens.

Athene Network encourages users to buy ATH from it through the MEXC crypto exchange:

MEXC fraud warnings have been issued by Japan, Ontario, Malaysia, Spain, Hong Kong, Quebec, British Columbia, Austria, the UK and Germany.

As of July 2024, SimilarWeb was tracking ~260,000 monthly visits to Athene Network’s website. Top sources of Athene Network website traffic are Pakistan (53%) and India (23%).