Coinmint CEO accused of misappropriating 448 BTC in lawsuit
An amended complaint filed by Mintvest Capital against Energy & Compute, LLC (formerly Coinmint) alleges that the firm’s chief exec, Ashton Soniat, misappropriated BTC from the firm’s mining operations. It also broadly alleges securities fraud and Racketeer Influenced and Corrupt Organizations Act (RICO) offences. Specifically, the lawsuit claims that “on each occasion when new machines were added, Mr. Soniat told investors that production started on a later date than it actually did.” “During the gap periods — between the actual start up and the announced startup — Mr. Soniat redirected all BTC Coinmint produced to his personal BTC wallet.” The lawsuit alleges that, in total, “Mr. Soniat stole… 448.7193 BTC.” Starcloud wants to mine bitcoin in space — what could go wrong? Read more: Bitcoin mining industry mostly uninterested in spam controversy To increase his take, Soniat ...