SEC sues Mining Automatic and founder over alleged $22M crypto mining scheme

AI Summary The SEC alleges Mining Automatic and its founder raised $22 million from investors by promising guaranteed crypto mining returns while spending only a fraction of the funds on mining operations. fulltext: 194 chars | fulltext source: rss-fallback | summary method: extractive Original: https://cointelegraph.com/news/sec-sues-mining-automatic-and-founder-over-alleged-22m-crypto-mining-scheme?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound Source: CoinTelegraph