A legal dispute involving a Bitcoin mine in a small Texas town has brought to light the use of Tether by Chinese nationals to move money to the US without drawing attention. The New York Times article raises concerns about Chinese citizens and influential business figures building Bitcoin mines in the US following China's 2021 ban. The $6 million crypto mine is owned by an NYU student and was bought with crypto to conceal the source funds from China. Lawsuits involving crypto industry stakeholders are pending in the US and other jurisdictions, reflecting a busy year for government prosecutors and digital asset attorneys.
$6 million crypto mine is owned by an NYU student — mine was bought with crypto to mask source funds from China https://t.co/DjEW6Qw0e7 https://t.co/4GfCORkkdM
The @nytimes and @PekingMike managed two amazing things at once in this piece: 1- Bait people based off the ethnicity of people 2- Get basic technical details about BTC wrong People looking to move Bitcoin mining ops are not the CCP's favorite. https://t.co/Cufv9xXHCC
A lawsuit filed against a bitcoin mine in Texas has shed light on a growing trend: US crypto mines backed by millions of dollars from Chinese investors https://t.co/VmLV7D5Mm9
NEW: The NYT writes an article concerned that "not only Chinese citizens, but citizens in highly political and influential business positions” can build #Bitcoin mines in the 🇺🇸 US after the 🇨🇳 China ban in 2021 👀 https://t.co/9Pn2fKXd7h
This N.Y.U. Student Owns a $6 Million Crypto Mine. His Secret Is Out. - The New York Times wonder if this story will cause his parents in china some heartburn https://t.co/77XE5mAi61
Crypto Mining’s Double Whammy: An Environmental Threat and A National Security Threat A crypto-mine in a tiny Texas town is not just an environmental morass and scourge. The technologically noxious crypto-mine also offers a case study on how Chinese nationals can secretly… https://t.co/4sY8NjI1Ri
A legal dispute about a Bitcoin mine in a small Texas town reveals how Chinese nationals are using Tether to move money to the US without drawing attention (New York Times) https://t.co/LnjQ8c7W91 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/GIeH91mWRa
This N.Y.U. Student Owns a $6 Million Crypto Mine. His Secret Is Out. https://t.co/XuBQAvdwlR
Fascinating piece on crypto and how money for deals can cross borders... This N.Y.U. Student Owns a $6 Million Crypto Mine. His Secret Is Out. https://t.co/hloAjrTgph
Several crypto industry stakeholders have pending lawsuits in the U.S. and other jurisdictions following a busy year for government prosecutors and digital asset attorneys https://t.co/cfRtQfYYSk