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Montana Crypto Mine Back in Action Despite Owner's Uncertain Legal Fate

A cryptocurrency mine in Butte Montana fired up its servers today, resuming business without its former owner, an alleged fraudster.


After a legal appearance on the matter, part-owner Kevin Washington and operator Rick Tabish started up crypto mining business CryptoWatt once again, pulling the operation out of retirement, according to a Jan. 27 press release.


Authorities closed down CryptoWatt after jailing its owner, Matthew Goettsche, on a separate fraud account totaling $722 million, the Montana Standard reported in December 2019.

CryptoWatt


Shady ownership


Although Goettsche owned more than 50% of CryptoWatt, he was not taken into custody for dealings related to that business. Goettsche, along with four individuals, ran a “cryptocurrency investment club” named BitClub Network, through which the group allegedly swindled millions. Read More...