SEC sues Mining Automatic and founder over alleged $22M crypto mining scheme
Cointelegraph· Cointelegraph by Nate Kostar· Jul 20, 2026 · 8:27 PM
The SEC alleges Mining Automatic and its founder raised $22 million from investors by promising guaranteed crypto mining returns while spending only a fraction of the funds on mining operations.
This is a summary. Read the complete story at Cointelegraph below.
Read full article at CointelegraphRelated Stories
cryptoabout 10 hours ago
US Treasury cuts off MEXC over alleged $16B in illicit transactions
The US Treasury bureau FinCEN on Friday ordered US financial institutions to stop processing transfers involving MEXC Global.
Cointelegraph
cryptoabout 10 hours ago
Gnosis Pay breach exposes card details, personal data and crypto wallet information
The crypto debit card provider said customer funds remained safe despite the exposure of sensitive financial and personal information.
Cointelegraph
cryptoabout 10 hours ago
Binance hack is ‘cyber war,’ TRM Labs executive says
TRM Labs executive Ari Redbord called for governments to take offensive action against North Korean hackers following the record $6.3 billion Binance theft.
Cointelegraph