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Zenger
Zenger
World
Murtuza Merchant

Crypto Mining Firm Marathon Digital Faces Shareholder Lawsuit Over Alleged Breach Of Duties

Marathon Fred Thiel Marathon Digital Mining Crypto SEC the US Securities and Exchange Commission
In this photo illustration, the Marathon Digital Holdings logo seen displayed on a smartphone screen. RAPHAEL ENRIQUE/SOPA IMAGES/LIGHTROCKET VIA GETTY IMAGES.

Crypto mining company Marathon Digital is facing legal action from the shareholders as the CEO Fred Thiel who is an American business executive and the current CEO of Thiel Advisors, and other senior executives are accused of breaching fiduciary duties, unjust enrichment, and wasting corporate assets.

“A shareholder complaint against Thiel and nine other executives from Marathon was lodged in the United States District Court of Nevada on July 8,” said Benzinga.

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