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SEC Says Crytpo Startup Used ICO Proceeds For Gold Mining

By Hailey Konnath (January 6, 2022, 9:54 PM EST) -- The U.S. Securities and Exchange Commission on Thursday accused cryptocurrency startup Crowd Machine Inc. and its Australian founder of defrauding investors by putting proceeds from an initial coin offering toward gold mining in South Africa rather than developing a new technology as was promised....

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