CEO Sky Mining May be Gone With $35M

Information about the incident was also transmitted to the local police
31 July 2018   883

From accounts of the Vietnamese mining company Sky Mining $ 35 million disappeared. According to the Coindesk, the funds could be stolen by the CEO of Le Minh Tam, who disappeared without a trace about a week ago.

Before disappearing Tam wrote on Facebook that the profitability of his business fell along with the prices of cryptocurrency and asked investors to forgive "for everything". He also invited them to the company's office in Ho Chi Minh City to allegedly return the invested funds and officially declare bankruptcy.

However, the arriving investors found that the office was closed, and 600 devices for crypto currency export were exported to an unknown destination.

Vice Chairman of Sky Mining Le Minh Hie suggests that there could escape to the United States. He also said that the company formed a council to help the affected investors and assess the damage caused.

Information about the incident was also transmitted to the local police.

In April, the Vietnamese authorities launched an investigation into the company Modern Tech, which is suspected of fraud and misappropriation of 32 thousand ICO-investors for $ 660 million.

SBI Holdings to Start Mining Chips Manufacturing

The new enterprise will work in partnership with an unnamed major semiconductor manufacturer from the United States
22 March 2019   94

The Japanese financial conglomerate SBI Holdings announced the creation of a new enterprise that will focus on the production of chips and cryptocurrency mining systems.

The message on the company's website says that SBI Mining Chip Co. (SBIMC) is part of SBI Holdings digital asset strategy.

The new enterprise will work in partnership with an unnamed major semiconductor manufacturer from the United States, and a former head of Chip Estimate and WearSens Adam Trademan, will head it. Currently, Trademan heads the BRD mobile cryptocurrency wallet development company, in which SBI Holdings invested $ 15 million in January of this year.

Recall that its plans to launch a broad offensive against the cryptocurrency industry were announced by SBI Holdings in October 2017. Since then, the corporation has made numerous investments in various projects, and also intends to promote the mass adoption and practical use of the RR Xle XRP token.