Bitcoin miner Coinmint says California’s Katena Computing set up an elaborate fraud scheme for a $150 million contract. egreechee reports
known for their tax expertise was assigned to the case. The court did not respond to CoinDesk’s request for the complaint at the time of publication.Back in 2021, an unnamed Coinmint employee initiated conversations over the purchase of equipment. “Katena engaged in an elaborate deception” to get Coinmint’s founder and CEO Ashton Soniat on board with [claims] that it ‘truly possessed a revolutionary chip design that would disrupt the Bitcoin mining world,’” the lawsuit said.with the U.S.
The then-CFO asked Katena to recommend a semiconductor expert to perform due diligence on the machines. But Katena suggested Robert Bleck as an independent observer, even though he was in fact in collusion with DX Corr executive and Katena minority shareholder Sagar Reddy, Coinmint alleged. Bleck was Reddy’s “b***h,” the lawsuit read.
Soniat signed a sales contract in May 2021 which “obliged Coinmint to pay Katena $150 million for miners without security or customary protection” according to Katena.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Alabama lawmakers approve tax rebates of $150 per personAlabama lawmakers on Thursday gave final approval to a one-time tax rebate that will give $150 to single people and $300 to married couples
Read more »
Scientist Sues U. of California Santa Cruz Officials over DEI MandateA scientist is suing University of California at Santa Cruz (UCSC) officials after he was required to submit a Diversity, Equity, and Inclusion (DEI) statement with his job application, which he says is in violation of the First Amendment.
Read more »
Population losses hit Northern California cities much harder than Southern California citiesThe state's major cities lost people between 2020 and 2022, especially in Northern California. But exurban boomtowns, including some Southern California areas, saw gains.
Read more »
Mega Millions for May 23, 2023: Check your winning numbersFrom April to May, the Mega Millions lottery jackpot has grown from $20 million to a cool $150 million grand prize
Read more »
Cheesed-Off New Yorker Sues Over Pasta Purveyor’s ‘Deceptive’ RavioliEXCLUSIVE: Arnold Wachtel says Ottomanelli Bros. Inc. has committed fraud, negligence, engaged in false advertising, and perpetrated “deceptive acts” in marketing its “5 Cheese Ravioli” as having five cheeses. He says it contains only four cheeses.
Read more »
Texas sues Biden administration over phone app for asylum-seekersThe lawsuit claims the CBP One app encourages migrants to enter the U.S. even if they don't qualify for asylum.
Read more »