BTCRUSH Scam Hit With Emergency Cease And Desist Order
Texas Securities Commissioner Travis J. Iles on May 8 ordered emergency action against the BTCRUSH scam who is fraudulently offering a high-return investment in a program tied to cryptocurrencies.
The company in response to this order on May 9 amended the terms of service on its publicly accessible website to say that “use of its current Platform by US citizens and permanent residents is strictly prohibited.”
According to the order, Bitcoin Trading & Cloud Mining Ltd. also known as BTCRUSH violated the Texas Securities Act by failing to disclose any material information about their principals, strategies, finances, and the extensive technical and regulatory risks of their cryptocurrency-related offering.
BTCRUSH, whose principals list an address in London, is soliciting Texas investors with the promise of huge returns from the mining of cryptocurrencies at th
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