🛑 Texas regulators enter emergency stop against crypto mining firm
The Texas State Securities Board entered an emergency cease-and-desist on Tuesday against AWS Mining, an Australia-based cloud mining company, and its affiliates that it said were selling unregistered securities and committing fraud by selling investment contracts in AWS' cloud mining pool. According to the filing, the respondents promised investors a 200 percent return on any purchases made, using a multi-level marketing organization to sell mining power contracts.
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