Wright Thurston
Founder of Green United, which the SEC says raised ~$18M on a fake 'GREEN' mining story. He pre-minted GREEN as an ERC-20 token and sold 'Green Boxes' that actually mined Bitcoin kept by the company. Charged by the SEC for fraud and registration violations.
Also known as: Wright W. Thurston
Note: The SEC's allegations against Thurston have not been adjudicated.
Bio
Wright W. Thurston founded Green United (Utah) and, per the SEC, orchestrated the sale of "Green Boxes"/"Green Nodes" on the false premise that they mined a GREEN token — which he had actually created as a pre-minted ERC-20 token and distributed to fake the appearance of mining. The boxes mined Bitcoin that was not passed to investors. [1][2]
Status
The SEC charged Thurston with antifraud and registration violations in March 2023; the litigation has continued. [1][2]
Bracketed numbers refer to the numbered sources listed below.
Linked scams & cases
Sources (2)
See also
- Bitcoin Latinum (LTNM)TokensA ~$16M token offering (SAFTs for 'Bitcoin Latinum' / LTNM) that the SEC charged in 2026 as fraud: founder Donald Basile falsely called LTNM 'the world's first insured digital asset' backed by an 'existing trust,' neither of which existed, and diverted investor funds for personal use (including a $160,000 horse).
- Loci (LOCIcoin)TokensA 2017–2018 ICO for 'LOCIcoin' tied to the InnVenn IP-search platform. The SEC charged Loci and CEO John Wise with fraud for raising $7.6M on false claims about revenue, headcount, and user base; Wise also misused investor funds. Settled with a $7.6M penalty and an officer/director bar.
- Blockchain Terminal (BCT)Tokens
This page was last updated on Jun 8, 2026. View revision history.