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Security Laws Are Not Ready For The Digital Era4

23 May 23

Defendants in $18m fraud lawsuit argue SEC lacks authority over crypto

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Two individuals charged with orchestrating an alleged fraudulent cryptocurrency mining scheme amounting to $18 million have moved to dismiss the lawsuit filed against them by the United States Securities and Exchange Commission (SEC). On May 19, Wright Thurston and Kristoffer Krohn […]

crypto news jail dark neon cyberpunk

07 Mar 23

SEC sues Utah-based Green United over $18m crypto mining scam

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Utah-based firm Green United, accusing the company of violating federal securities laws by selling $18 million worth of fake cryptocurrency mining equipment. According to the SEC, Green United and its founder, Wright Thurston, and promoter, Kristoffer Krohn, offered investments in $3,000 “Green Boxes,” […]

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