SEC Sues Mining Automatic and Founder Over Alleged $22 Million Crypto Mining Scheme
2026-07-20 20:37:29
The SEC sued Mining Automatic and founder Zan Shaikh over an alleged crypto mining investment scheme. According to NS3.AI, the business raised money from more than 380 investors while spending only about 13% of the funds on mining operations. The SEC said more than $20 million in principal remains unpaid.
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