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Verilumia

The Daily Verified Briefing

Markets

SEC sues Mining Automatic and founder over $22M fraud

Published 21 July 2026

The U.S. Securities and Exchange Commission has filed a lawsuit against crypto mining investment firm Mining Automatic and its founder, Zan Shaikh, alleging they defrauded investors of approximately $22 million. The civil complaint, filed in U.S.

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