U.S. regulators issued a cease-and-desist order against Arkbit Capital for its alleged fraudulent cryptocurrency cloud mining activities

ChainCatcher News: The Texas State Securities Board has issued a cease and desist order against Arkbit Capital for engaging in fraudulent cryptocurrency cloud mining activities. Arkbit falsely claimed to operate a data center in Arkansas for mining various cryptocurrencies. Securities Commissioner Travis J. Iles stated that Arkbit Capital and its affiliated entities engaged in fraudulent activities, including the use of deceptive images and video manipulation techniques to promote their investment schemes.