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SEC sues Bitcoin mining company Geosyn, accusing its founder of $5.6 million fraud

CointimeCointime2024/04/26 06:07
By:Cointime

On April 26th, the US SEC filed a lawsuit against bitcoin mining company Geosyn Mining and its co-founders, accusing them of falsely reporting the number of cryptocurrency mining equipment in operation and using customer funds for personal expenses, resulting in a $5.6 million investment fraud.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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