Utah judge rules SEC case against alleged crypto mining scam Green United can go to trial

Green United founder Will Thurston (who, along with promoter Kristoffer Krohn, is also named as a defendant in the suit), allegedly used the money investors gave him for the fake Green Boxes and used it to buy S9 Antminers – commercially available bitcoin . mining machines – which he then used to mine bitcoin for himself. According to the SEC, investors saw nothing of their actual bitcoin (BTC) purchases, but received periodic distributions of worthless GREEN tokens created by Thurston on the Ethereum blockchain.