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US State Regulators Order 'Fraudulent' Crypto Mining Scheme to Shut Down

The Texas State Securities Board and Alabama Securities Commission filed an emergency action against Ultra Mining, alleging it offered unregistered securities by promising to double investments in a cloud mining scheme.

The respondents claimed to donate $100,000 to Unicef to fight COVID-19 but "refused" to provide any proof of the claim. (Credit: Shutterstock)
The respondents claimed to donate $100,000 to Unicef to fight COVID-19 but "refused" to provide any proof of the claim. (Credit: Shutterstock)