Mining service provider faces $100M lawsuit over pyramid scheme allegations in China
On Aug. 14, regional media reported that the court held a public hearing on a case that might potentially set a precedent in China for how crypto schemes are prosecuted and managed. The lawsuit implicates Shenzhen Space-Time Cloud Technology executives of setting up a pyramid plan that accumulated around $100 million and scammed their investors. Report on the public hearing held at the Peoples Court of Pingan County.
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