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SEC sues Mining Automatic and its founder over $22M crypto scheme
2 sourcesFirst reported 1 day agoUpdated 18 hours ago
Center 100%
2 center
Coverage is primarily from centrist outlets (100%). When a story is mostly covered by the center, it is typically treated as a factual news item rather than an ideologically charged one.
What all sources covered
- The SEC has filed a lawsuit against Mining Automatic and its founder for allegedly conducting a fraudulent crypto mining scheme.
- The defendants are accused of raising $22 million from over 380 investors through false promises of guaranteed returns on crypto mining investments.
- The SEC claims that only a small portion of the funds collected was actually allocated to mining operations.
- The case highlights concerns over investment fraud in the cryptocurrency space.
2 sources
Who reported first
CointelegraphFirst
The Block+6h
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