Sky Mining company located in Vietnam shut down suddenly and CEO allegedly made away with $35 million USD of investors funds. 

This is coming after HashFlare, a cloud based mining service shuts down it’s bitcoin mining contract citing low profit for the past 21. Meanwhile, in the US, Tmgcore has acquired a 100-megawatt data center in Dallas, Texas, and local media have reported that Bitmain is planning to open a mining facility in a former aluminium smelter in Rockdale, Texas.

The CEO of Sky Mining, Le Minh Tam has been accused of running away with over $35 Million USD by investors and board members of Ho Chi Minh City-based Sky Mining. Already, fear has grieved all investors while many were shocked to this sudden shut down.

Following  local media report, Mr. Tam has not been seen nor responded to calls  since Monday, with the exception of an apology Note posted on Facebook to investors on Wednesday.

Investors became worried and immediately  stormed the company’s main office in Phu Nhuan District only to find out  “the building closed and the company nameplate removed”.

Investors shockingly discovered, “all 600 mining machines in the company’s factory in the neighboring Dong Nai Province’s Bien Hoa Town had been whisked away by a set of people claiming to be maintenance workers.”

Sky Mining CEO Allegedly Fled to USA:

The deputy Chairman of Sky Mining, Le Minh Hieu,  is setting up  board members to “support investors and calculate the remaining asset[s] of the company,” and has accused the CEO of fleeing to the United States. “[The board] has reported this to the police and showed evidence that we are not guilty,” said Mr. Hieu.

Few days ago, Genesis mining has been cleared of any wrongdoings by the Securities Commissioner of South Carolina. The Securities Commissioner dismissed its previous order against Genesis Mining after almost six months.

Also, Google has banned all mining apps in its store. The ban is coming after Apple banned all mining apps in its app store.

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