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Investors were allegedly told that the GREEN tokens mined supported a “public global decentralized power grid” – all while generating a handsome 40% to 50% monthly return. However, according to the SEC, Green United’s mining machines never mined GREEN, because GREEN was not a mineable crypto asset and the so-called Green Blockchain didn’t exist. Instead, Thurston allegedly created GREEN tokens himself on the Ethereum blockchain and distributed them to investors’ wallets “several months” after he and Krohn started selling the machines to investors in April 2018.
Green United’s real scheme, according to the SEC, was to dupe investors into buying S9 Antminers – bitcoin mining equipment – dressed up as “Green Boxes.” The investors’ purchases were functional, and “mined [bi]tcoin, which the investors did not receive.”
SECGov cheyenneligon For everyone's info, here is a link to the actual complaint👇
SECGov cheyenneligon There needs to be some reporting to why Binance has of today quietly region banned UK account holders from Earn/Staking.
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