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SEC Alleges $22M Crypto Mining Scheme Fraud

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SEC Alleges $22M Crypto Mining Scheme Fraud

The Securities and Exchange Commission has filed a lawsuit against Mining Automatic and its founder, alleging a fraudulent scheme that raised approximately $22 million from investors. The SEC claims that a significant portion of these funds were not allocated to actual cryptocurrency mining operations as promised.

July 20, 2026Published 11 hours ago