10 entries tagged “mining”.
A promoter (and SEC recidivist) who sold Green United's 'Green Boxes,' allegedly acting as an unregistered broker and misrepresenting GREEN's value and returns. Charged by the SEC for fraud and registration violations.
A Utah operation that the SEC says raised ~$18M selling 'Green Boxes'/'Green Nodes' that supposedly mined a 'GREEN' token on a 'Green Blockchain.' In reality GREEN was a non-mineable ERC-20 the founder pre-minted, and the boxes mined Bitcoin that wasn't given to investors.
A purported crypto mining and trading platform (MCC) that the U.S. DOJ called a $62M global investment fraud. Prosecutors say founder Luiz Capuci Jr. sold 'Mining Packages' and 'Trading Bots' with guaranteed returns but diverted investor funds to wallets he controlled.
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.
Estonian co-founder of HashFlare, a cloud-mining service the DOJ called a $577M Ponzi scheme. He pleaded guilty to wire-fraud conspiracy in 2025 and was sentenced to time served (16 months).
Estonian co-founder of HashFlare, a cloud-mining service the DOJ called a $577M Ponzi scheme. He pleaded guilty to wire-fraud conspiracy in 2025 and was sentenced to time served (16 months), forfeiting hundreds of millions for victims.
Founder of GAW Miners and ZenMiner, which sold 'hashlets' and the PayCoin token. He pleaded guilty to wire fraud over a ~$9.18M virtual-currency Ponzi scheme and was sentenced in 2018 to 21 months in prison and over $9M in restitution.
An Estonia-based cloud-mining operation that sold ~$577M in 'mining' contracts (2015–2019) while owning a tiny fraction of the advertised hashpower. Founders Sergei Potapenko and Ivan Turõgin pleaded guilty to wire-fraud conspiracy in 2025 and agreed to forfeit $400M+.
A crypto 'membership' scheme (also HyperVerse/HyperNation) promising daily passive rewards from non-existent mining. The SEC cited $1.7B raised; the DOJ described a $1.89B fraud.
A Bitcoin 'mining pool' scheme (2014–2019) that the U.S. DOJ says took at least $722M by selling shares in non-existent mining returns and rewarding recruitment.