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MiningMax

avoid.net/miningmax→0/100·82% conf.
[AI-DRAFTED · AWAITING VERIFICATION]

Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

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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.

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    Timeline(6 events)

    September 2016

    MiningMax begins soliciting investors for Ethereum cloud mining, promising guaranteed daily returns. Minimum investment set at $3,200 per mining rig.

    CoinDesk / Korea Herald

    30 May 2017

    Mining Max LLC is registered in California, according to DFPI records.

    California DFPI Enforcement Page

    October 2017

    MiningMax ceases paying investors as mining returns fail to cover promised yields. Senior leadership reportedly goes into hiding.

    BehindMLM / Korea Herald

    December 2017

    South Korean police arrest more than 14 MiningMax executives and employees on charges including economic crime and fraud.

    IBTimes / Finance Magnates

    20 December 2017

    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 / CoinDesk

    7 July 2020

    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 DFPI
    Provenance & Audit Trail
    Anchored on SolanaVerify on-chain10 Wayback Archives

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain (3 events). 10 of 12 cited source URLs have an Internet Archive snapshot.

    full audit log →version history →

    model: claude-sonnet-4-6

    generated: 5/31/2026, 7:43:05 PM

    last updated: 7/26/2026, 4:53:41 AM

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