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 affected investors. ⚖️ The $BTC-related legal case marks rising regulatory pressure on crypto fundraising. Continue Reading:SEC sues Mining Automatic and founder for $22 million crypto investment scheme The post SEC sues Mining Automatic and founder for $22 million crypto investment scheme appeared first on COINTURK NEWS.