SEC sues Mining Automatic and founder for $22 million crypto investment scheme
Covered by 2 sources · 2 articles
2 outlets - including Cryptopolitan and Coin-turk - are covering this story. The U.S. SEC has sued crypto mining firm Mining Automatic and its owner Zan Shaikh for allegedly collecting more than $22 million from over 380 investors for the purpose of mining, while spending only a fraction of it on actual crypto minin…
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SEC sues Mining Automatic and CEO over $22 million crypto mining scheme
The U.S. SEC has sued crypto mining firm Mining Automatic and its owner Zan Shaikh for allegedly collecting more than $22 million from over 380 investors for the purpose of mining, while spending only a fraction of it on actual crypto minin…
SEC sues Mining Automatic and founder for $22 million crypto investment scheme
🚨 SEC sues Mining Automatic and its founder over a $22 million crypto investment scheme. 🟠 Only 13% of funds went to mining while most was diverted to personal use and marketing. 📉 Over $20 million in principal remains unpaid to the 380…