🚀 Hot Crypto News:

- Kristoffer Krohn, who is accused of participating in an $18 million crypto mining fraud, is appealing, claiming the SEC was wrong to say he sold securities.

- Krohn is asking the Tenth Circuit Court to decide whether the buyers of the company's equipment were involved in a "joint venture" or not.

- Last month, a Utah judge rejected Krohn and Green United's motion to dismiss the SEC lawsuit, stating that the SEC has "sufficiently alleged" that the "Green Boxes" were sold as unregistered securities.

- The SEC sued Green United, Thurston, and Krohn in March 2023, accusing them of defrauding buyers of the "Green Box" by claiming it would mine GREEN tokens, but in reality, it was mining BTC that the investors did not receive.

- Krohn argues that the buyers do not have the right to share in the profits from Green United's business operations, only purchasing powerful computer hardware.

- If successful, Krohn will be able to argue before a panel of three judges, a process that could take several months.

💬 What do you think about this lawsuit? Comment below! #CryptoNews #Blockchain #BTC