Tag Archives: Mining

Steven Seagal’s Crypto Endorsement: Inside A Massive Cloud Mining Crypto Swindle

A multi-platform, multi-continent scam roped in hundreds of people for at least $1,000 each over the course of 2017 and 2018. The old Cloud Mining exit scam in the extreme. An altcoin called “Bitcoin 2nd Generation,” B2G or Bitcoiin2G came out of the charade with actor Steven Seagal reportedly endorsing the cryptocurrency. The B2G ICO (Initial Coin Offering) culminated in New Jersey, where The New Jersey Bureau of Securities cracked down on B2G advertisement in the state. A company called Dragon Mining is allegedly behind the whole scheme, possibly including B2G itself. Continue reading Steven Seagal’s Crypto Endorsement: Inside A Massive Cloud Mining Crypto Swindle

Investors Demand Refund from Hong Kong Millionaire over Crypto Mining Scam

Four Hong Kong investors have come out to demand refunds of the capital given to Wong Ching-kit, a businessman who sells Bitcoin mining equipment, after claiming that the 24-year-old crypto promoter scammed them. Continue reading Investors Demand Refund from Hong Kong Millionaire over Crypto Mining Scam

Lawsuit Targets Nvidia for ‘False Statements’ on Crypto Mining Revenue

A class action lawsuit has been filed against tech giant Nvidia, with the plaintiffs accusing the company of making misleading statements about how it can help mitigate the effects of the reduced demand from the cryptocurrency market. Continue reading Lawsuit Targets Nvidia for ‘False Statements’ on Crypto Mining Revenue