MiningMax
Summary
MiningMax (also styled Mining Max LLC) was a US-registered cryptocurrency mining company that operated from approximately September 2016 through October 2017, allegedly defrauding approximately 18,000 investors across 54 countries out of roughly 270 billion Korean won (approximately $250 million USD). South Korean prosecutors indicted 21 individuals in December 2017 on charges of fraud and violations of Korea's door-to-door sales law; the company's chairman, Nam Ho Park (also known as Daniel Park), and vice chairman fled the country and were placed on Interpol's wanted list. The California Department of Financial Protection and Innovation (DFPI) issued a Desist and Refrain Order against Mining Max LLC and its founder Nam Ho Park in July 2020.
Connected Entities
1 entities · 10 linked investigationsTimeline(6 events)
2016-09-01
MiningMax begins soliciting investors for Ethereum cloud mining, promising guaranteed daily returns. Minimum investment set at $3,200 per mining rig.
CoinDesk / Korea Herald2017-05-30
Mining Max LLC is registered in California, according to DFPI records.
California DFPI Enforcement Page2017-10-01
MiningMax ceases paying investors as mining returns fail to cover promised yields. Senior leadership reportedly goes into hiding.
BehindMLM / Korea Herald2017-12-01
South Korean police arrest more than 14 MiningMax executives and employees on charges including economic crime and fraud.
IBTimes / Finance Magnates2017-12-20
Incheon District Prosecutors' Office announces indictment of 21 suspects on charges of fraud and violation of South Korea's door-to-door sales law. Three others indicted without detention on embezzlement charges, including singer Park Jung-woon. Seven individuals, including chairman Nam Ho Park (Daniel Park) and vice chairman, placed on Interpol's wanted list.
Korea Herald / CoinDesk2020-07-07
California Department of Business Oversight (now DFPI) issues Desist and Refrain Order against Mining Max LLC and its founder Nam Ho Park for selling unregistered securities and operating an investment scheme without proper registration.
California DFPIDecision Log
- hash: 8f8QfkJEXjayz7shAvVdyWVVxwPog7J71fT8yufg22YV
- hash: 8uAv1xw9cjDdNvsd3jwhcSUqLKnpQzLdfdzBsiZX4gtA
- hash: AcPokmG7hsBCWGk3sKYqS3caRPhLryTuoAmYPgAVA2ek
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 5/31/2026, 7:43:05 PM
last updated: 6/1/2026, 4:08:36 AM
avoid.net — verified advice for a post-truth world