Texas Regulators Crack Down on Site Offering Returns Related to Cryptocurrency and Medical Marijuana | NewsBTC

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A bogus startup offering 8% weekly returns on cryptocurrency and medical marijuana was hit by the Texas State Securities Board yesterday, in another move by against crypto-related financial crimes by U.S. regulators. The Board filed a cease-and-desist order (CDO) against Mark Moncher for allegedly trying to sell unregistered securities through his "Financial Freedom Club," also [.]

Security firm Trend Micro has discovered a new strain of Android malware, calling it "HiddenMiner" because of the advanced techniques it employs to protect itself from discovery and removal. Like most cryptocurrency-mining software, HiddenMiner uses a device’s computing power to mine Monero.

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In the order, Texas regulators cite wording from the website that claims its investors are getting an 8% return on their money weekly. The money, says the site, would be used to buy cryptocurrency, which in turn would be loaned to a medical marijuana operation in California. "Never work hard again," the site advertises.