Bitcoin mining partners for Trump’s children were running with the organizers

(April 22): To storm the Cubes Mining Industry, Eric Trump and Donald Trump Junior cooperate with executives who have previously established a mine with the support of investors involved in an illegal pump and emptying process.

Trump’s sons and other investors have established a new company and integrate it with the MINER HUT 8 Corp company, which was generally traded, led by the CEO of Asher Genot and the chief official of Michael ho strategy. These executives came to HUT 8 in 2023 when the company bought another mine, Bitcoin Us Bitcoin, which was formed with financial supporters who in 2018 settled charges by the Securities and Stock Exchange Committee to illegal promotion and processed trading of MicroCAP shares.

Bitcoin’s participation in the United States with these investors, Mark Grossman and John Steston, was placed in the enforcement of the Massachusetts State Organizer in 2022 after the company sold the shares incorrectly without registering the offer. The SEC case, which did not include HUT 8 executives, and the Massachusetts issue against Bitco US with fines and other penalties without investors or company that commit any violations.

In response to a question about the relationship between now-CEO Genot and Ho and the investors involved in the alleged pump and discharge process, a HUT 8 spokesman “The individuals who were named were active in the digital currency space several years ago” when Genot and Ho were still early in their career in the field of entrepreneurship.

“They were just a small number of many investors who invested in companies that were formed and led by Mr. Genot and Mr. Ho,” said a spokesman for HUT 8, Guitier Lemyze-Young. He added that at any time, the investors in the SEC case made leadership roles or governance rights in companies.

Genot said in recently a newly friendly friend: CNBC interview. There is no evidence that Eric and Donald Trump Junior knew previous organizational procedures. He did not respond to the requests for comment. Eric praised the leadership team in HUT 8.

“I think HUT 8 youth are tremendous,” Eric Trump said at a phone conference to discuss the project. “They can complete projects at half the time of others’ builders. It’s one of the things that really attracted me, just their willingness to work for seven days a week and be practical and accomplish matters using their hands.”

Trump’s invasion of bitcoin mining was announced, where high -power computers of the cryptocurrency network were announced in exchange for the newly released, on March 31. Hut 8 said that the company has contributed almost 80 % of ASIC computers in American databases, a company launched on the company, including the great great Trump Trump in two periods. American Bitcoin American Data Centers has been renamed and will work as a company for a 8 cottage.

Eric Trump was named as head of the American Bitcoin Strategy. The accurate financial details of the deal between HUT 8 and Trump’s sons, including assets that contributed to the new project, are unknown. The founders said that the plan is to eventually take the American Bitcoin.

Before their leadership roles in HUT 8, HO and Genot American Mining Company Bitcoin began in 2020. A mine worker was created with the help of “physical assistance” from Grousman and STETSON, who are investors who settled with SEC in the 2018 pump case that generates more than $ 27 million (RM118.53 million

19 The defendants settle the issue of fines and other penalties without recognizing the error.

2020: Michael ho and ASHER Genot started a work of the Bitcoin encryption with “material assistance” from STETSON and Grousman, according to the Massachusets Securities.

2022: The US bitcoin settlement is a case with the Massachusetts Securities Section, which accused the company of offering unregistered shares unregistered and cited its financial support by STETSON and Grousman. The company does not recognize any violations.

2023: HUT 8 is combined with Bitcoin, HO and Genot CEOs of the joint company are named. Genot was later named CEO of HUT 8.

2025: Eric Trump and Donald Trump Junior begins a new company that merges with an 8 -cottage unit and will be called an American bitcoin.

Two years after its founding, the American Bitcoin was the subject of the consent of the Massachusetts regulator financially for the violations of securities. It is claimed that the company sold shares without registering the offer with the state or submitting appropriate deposits to qualify to obtain an exemption from registration, according to the request. The company was not allowed to sell securities due to the participation of Grossman and STETSON in the alleged pumps and discharge scheme, according to the request.

Bitcoin in the United States has agreed to pay a fine of $ 1 million to Massachusetts without recognizing or rejecting the facts of the case. The company entered separate settlement orders with the organizers in Maryland and Virginia regarding the offer of securities.

Bitcoin continued in the United States to integrate with HUT 8 in 2023, with the assignment of Genot as President and Ho major strategy in the joint company.

The company spokesman Limmes Young said that after realizing the date of the enforcement of Grossman and others, Hut 8 continues to voluntarily to investors and give them an opportunity to recover their investments by offering a cancellation. He said that the company has also taken measures to establish investors named in the SEC case, which was removed from the shareholders base.

“The Hut 8 is proactively communicated with the organizers in various states, as the capital was raised to inform them of the situation and deal with treatment efforts,” said Limmes Young, adding that Genot, Ho and HUT 8 had no relationship with Grousman or other participants in the case since 2021.

The US Bitcoin’s purchase of US Bitcoin in 2023 sparked a research report from J. Capital Research. The report, which was called “a” false and misleading “, indicated concerns about the company’s contacts with the investors called the pump and unloading case, as well as the conflict of potential interests. According to the company’s report: “HUT 8 and USBTC managers and executives have interest in the business group that may be different, or in addition to the interests of HUT 8 and USBTC shareholders in general.”

HUT 8 later named Genot as an executive president three weeks after the report of the short seller.

While Barry Honij, the alleged leader of the pump and discharge scheme, was not named as a Bitcoin investor in the United States in the Massachusetts case, HO’s connection with Bitcoin. In 2017, Ho sold a company called Kairos Global Technologies to the former Riot Blockchain for $ 11.9 million two weeks after the formation of Kairos, according to SEC. In April 2018, Riot revealed that Honig – one of its adult owners in RIOT – was also a useful owner of Kairos. The company retained only $ 2 million of mining equipment, according to another short report from the sellers Hindenburg ResearcH.

“This was one of the many transactions that Michael sold is the machines and facilities for public and private companies,” said Limmes Young.

Honij and Josmann said Bloomberg News They have no links to the American Bitcoin, the new Koch 8 project with Trump. STETSON cannot be accessed for comment.

Honig described how to get to know Genot and Ho.

“I met them when they were young children, in the early twenties, with an introduction,” Honij said in an interview with them. Bloomberg. “The trick of their business – they said all the right things. It is like choosing a girl in a pub, known in” Hello. “They were very detailed, they were very polished.

The American Bitcoin formation follows a promise from Eric Trump’s father, President Donald Trump, by making the United States “undisputed” Bitcoin power “and make sure that the oldest encoded” made in the United States. ” In recent months, the Trump family has advanced quickly to digital assets, expanding beyond groups of distinctive non -application and investments in various cryptocurrencies and a central financing project called World Liberty Financial.

Eric Trump said in Bloomberg TV An interview earlier this month.

Eric Trump said in CNBC An interview that the invasion in mining is part of the broader interest in the encryption industry as an alternative to a traditional financial industry. “I tried to get our family out of work.”

And he told CNBC. When it comes to HUT 8, he added: “It is a kind of perfect synergy Benny, without an amazing company. We will go out and do great things.”