37,000 Investors Await Refunds from ‘Illegal’ $90 Million Envion ICO

Envion ICO, Swiss

By CCN.com: The Envion scandal was one of the most dramatic sagas to unfold in the cryptocurrency space, and it’s not over yet. Swiss regulators have ruled that the crypto mining firm behind the $90 million ICO in 2018 participated in illegal activity. Specifically, Envion AG unlawfully received public deposits from 37,000 investors according to the FINMA regulatory authority. Based in Zug...

Court Orders Swiss Crypto Mining Firm Envion to Shut Down

SEC Woodbridge Group Ponzi Scheme

Envion AG, a crypto-based firm that aimed to combine cryptocurrency mining with green power, has been shut down by the cantonal court of Zug, Switzerland. The company was reportedly dissolved due to an alleged unauthorized Initial Coin Offering (ICO) on November 28, local German news outlet Handelsblatt reports. Envion was established to serve as an off-grid mining company which makes use of...

Swiss Regulator FINMA Launches Investigation into $100 Million ICO

Crypto fund

The Swiss Financial Market Supervisory Authority (FINMA) announced on Thursday that it has opened an inquiry into the operations of Envion AG, a blockchain startup that raised more than $100 million through an initial coin offering (ICO). FINMA said that it believes that Envion’s EVN token sale may have violated banking laws by accepting public deposits worth approximately 100 million francs...

Envion ICO Scandal: Court Rules in Cryptocurrency Mining Firm Founders’ Favor


Since our last article on the unfolding situation with the deadlocked Envion ICO, a group identifying themselves to CCN as Concerned Envion Investors have been working to produce evidence that CEO Mathias Woestmann snatched the company from the founders and falsified documents to seal the deal. Now they claim to have that evidence. The case is complex – it centers around Envion AG, the...

The Envion ICO Scandal – Both Sides of the Story


In January 2018 the Envion ICO entered the list of ten biggest ICOs and even crowdfunding campaigns in history, raising $100 million. Aimed at disrupting and democratizing the cryptocurrency mining industry with state-of-the-art Mobile Mining Units and an expert team, the Swiss-run project seemed destined for great things, reportedly closing deals with IBM and the leader of Dubai. Obviously...