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Crypto Kingpin Caught Red-Handed Lying About His Mining Empire’s Unrealistic Hype

A  illustration of a person standing in front of an overheated computer room with flames rising from vents and smoke billowing out; behind them is a giant cryptocurrency chart plummeting down while their hands are holding a broken scale weighing against the company's once-inflated stock price. The figure has a sly grin on its face, symbolizing deception.

When you think crypto ‘innovators’ are getting away with shady stuff…

Source: cointelegraph

IREN, formerly Iris Energy, was sued by investors claiming the crypto mining firm misled them about its high-performance computing (HPC) business. A class-action suit led by Paul Williams-Israel filed in a New York federal court on Oct. 7 claimed IREN’s Childress, Texas, facility was framed as an HPC-ready data center when it wasn’t, and its computing capacity was significantly overstated. The suit claimed the misleading information came from a June […]

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