U.S. SEC charges Bitcoin mining company founder Don Vo of VBit: scam fundraising of $95.6 million, embezzling $48.5 million for gambling and giftsThe U.S. Securities and Exchange Commission (SEC) has officially filed a civil lawsuit against Bitcoin mining company VBit Technologies Corp., its founder and CEO Danh C. Vo. The SEC alleges that, from December 2018 to February 2022, Vo raised over $95.6 million from approximately 6,400 investors through VBit and its alleged successor company, Advanced Mining Group, by illegally soliciting investments. The main offerings involved unregistered investment contracts, including Bitcoin mining custody agreements.
(Background: The U.S. Bitcoin mining crash—"Is there actually profit?" Mining industry experts: Trump tariffs will make mining machines in other countries super cheap)
(Additional background: Cryptocurrency
動區BlockTempo·49m ago