Crypto Mining Firm Hut Eight Merges With US Bitcoin Corp.

The former leader government of Hong Kong-primarily based totally Vantone Capital, collapsed remaining month after being accused of strolling an unlawful pyramid scheme that defrauded hundreds of buyers out of hundreds of thousands of dollars.

The company's saga has been broadly pronounced withinside the media and ended in some of proceedings in opposition to it, inclusive of one from former personnel who claimed they have been owed reimbursement for his or her paintings on the company.

Leverton informed CNBC Tuesday that he had now no longer heard approximately any proceedings filed in opposition to his corporation concerning FTX earlier than he spoke to CNBC on Monday. He stated he did now no longer recall any conversations with different executives approximately capability litigation in opposition to Hut eight associated with FTX.