Utah-based Green United, $18 million worth of faulty mining equipment.
They promoted non-existent Green Blockchain and mining on GREEN tokens.
The SEC recently filed a suit against Green United for selling phony crypto-mining equipment. The Utah-based mining firm has violated federal securities laws; they sold $18 million worth of mining equipment but didn’t mine anything.
SEC Accuses Utah-Based Green United of Running $18M Crypto Mining Scam https://t.co/OqUoN4t4PC pic.twitter.com/XIcKIjZ01Y
— Cryptobion (@Cryptobion) March 6, 2023
The SEC vs. Green United Mining Scam
The financial watchdog of the United States, the Securities and Exchange Commission (SEC), has been very strict lately with crypto entities. The complaint against Green United, along with its founder Wright Thurston and major promoter Kristoffer Krohn, says they offered investments in specialized crypto mining machines called “Green Boxes.” Worth $3,000 and claimed to be mining GREEN tokens on the Green Blo
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