MiningMax
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anchored·8hMqrY…f66KSummary
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
3 entities · 60 linked investigations- MiningMax→mentioned with→Ethereum(65%)
- MiningMax→mentioned with→Cointelegraph(60%)
- Cointelegraph→mentioned with→Ethereum(60%)
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 Herald30 May 2017
Mining Max LLC is registered in California, according to DFPI records.
California DFPI Enforcement PageOctober 2017
MiningMax ceases paying investors as mining returns fail to cover promised yields. Senior leadership reportedly goes into hiding.
BehindMLM / Korea HeraldDecember 2017
South Korean police arrest more than 14 MiningMax executives and employees on charges including economic crime and fraud.
IBTimes / Finance Magnates20 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 / CoinDesk7 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 DFPIDecision Log
- slot 423516473 · hash 8f8QfkJEXjayz7shAvVdyWVVxwPog7J71fT8yufg22YV
- slot 423516470 · hash 8uAv1xw9cjDdNvsd3jwhcSUqLKnpQzLdfdzBsiZX4gtA
- slot 423440052 · hash AcPokmG7hsBCWGk3sKYqS3caRPhLryTuoAmYPgAVA2ek
This investigation is cryptographically anchored to the Solana blockchain (3 decisions). 10 of 12 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/31/2026, 7:43:05 PM
last updated: 5/31/2026, 7:43:05 PM
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