SEC Charges Individual With Misappropriating $48.5 Million in Bitcoin Mining Investment Scheme
December 18, 2025
December 18, 2025
WASHINGTON, Dec. 18 -- The Securities and Exchange Commission issued the following litigation release (No. 1:25-cv-01513; D. Del. filed Dec. 17, 2025) involving Danh C. Vo:
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On December 17, 2025, the Securities and Exchange Commission charged Danh C. Vo, founder and CEO of VBit Technologies Corp., with fraudulently raising over $95.6 million from approximately 6,400 investors and misappropriating $48.5 million of investor funds in connection with his bitcoin mining . . .
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On December 17, 2025, the Securities and Exchange Commission charged Danh C. Vo, founder and CEO of VBit Technologies Corp., with fraudulently raising over $95.6 million from approximately 6,400 investors and misappropriating $48.5 million of investor funds in connection with his bitcoin mining . . .