Coinspeaker
Aussie Authorities Crack Down on Illegal Crypto Mining Operations
The Australian Security and Investments Commission (ASIC) has busted three companies involved in illegal crypto mining operations in the country.
According to a Friday report, the authorities acted after receiving complaints from investors that the companies NGS Crypto Pty Ltd, NGS Digital Pty Ltd, and NGS Group Ltd may be operating an illegal scheme.
The ASIC opened investigations into the blockchain mining firms collectively known as “NGS companies”, and it found that around 450 Australians invested approximately 62 million Australian dollars in the firms, which are estimated to be valued at $40 million.
Civil Proceedings
Investors’ concerns about mismanagement, lack of proper licenses, and potential violations of managed investment scheme regulations prompted the investigation.
The probe later led to civil proceedings against the companies and their directors, including Brett Mendham,
We współpracy z: https://www.coinspeaker.com/aussie-illegal-crypto-mining-operations/
