The Texas State Security Commission (TSSB) and the Alabama Securities Commission (ASC) have called for the cessation of Ultra Mining. This company has promoted Bitcoin mining services in the cloud, promising massive profits. He also claimed to have donated money for efforts to combat COVID-19, without presenting evidence.
Ultra Mining has raised $ 18 million, claiming that the price of Bitcoin will reach $ 23,000. Therefore, a $ 10,000 investment in cloud mining will generate huge profits for investors.
The US authorities also claimed that the company claimed to have donated $ 100,000 to combat COVID-19, but did not present any evidence to that effect.
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