🤠 Howdy, crypto cowboys! The Texas State Securities Board has lassoed Arkbit Capital, issuing a cease and desist order for their shady cloud mining shenanigans. 🌥️💰 Arkbit, who claimed to operate Arkansas-based data centers, promised daily returns of 1.6-2.8% for 120 days on digital asset deposits. But, hold your horses! The payment processor, CoinPayments.Net, used by Arkbit is restricted in the US, and the account holder is located in India, not Arkansas. 🤔 The board urges vigilance with social media investment opportunities. Y'all got any thoughts on this? Let's chat below! 🗨️