Texas Securities Board Hits Two “Fraudulent” Mining Operations with Emergency Cease-and-Desist Orders26.1

The Texas Securities Board pounces on two mining operations using social media and multilevel marketing to propagate a transnational web of “fraudulent crypto-mining programs”, Director of Enforcement Joseph Rotunda informs CryptoSlate.

AWS Mining and EXY Crypto have been stung with emergency cease-and-desist orders, dated Nov. 6, citing a symphony of allegations against Australia and Canada-based organizations centered around the illegal promotion of bogus crypto mining investment contracts and failure to register with the Texas Securities Commissioner as a Dealer.

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