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

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

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.

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CoinMagnetic Team

Crypto investors since 2017. We trade with our own money and test every exchange ourselves.

Updated: July 2026

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