Bitconnect News

Now defunct, Bitconnect operated as a platform that advertised significant profits in tandem with lending activities around Bitcoin and the Bitconnect coin, BCC. 

A number of people advocated for the project through various channels, such as social media, receiving affiliate rewards. The project, however, closed in January 2018, taking off with many users’ funds. Bitconnect’s price dropped in value, from hundreds of dollars to nearly zero. During Bitconnect’s active time on the market, multiple regulatory authorities demanded the outfit halt its operation. The Bitconnect scam has been referred to as a Ponzi scheme, and a number of legal developments surfaced following the project’s demise.

News
The SEC says five individuals "promoted a global unregistered digital asset securities offering."
SEC charges 5 for illegally promoting $2 billion Bitconnect Ponzi
Andrew Thurman
2021-05-28T22:48:42+01:00
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News
The Australian is facing six charges that carry penalties of between 2-10 years in prison.
Aussie Bitconnect promoter faces prison following ASIC investigation
Turner Wright
2020-11-17T23:52:00+00:00
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News
John Bigatton has been barred from providing financial services in Australia for seven years for his involvement with the BitConnect Ponzi scheme.
Top Australian BitConnect promoter banned by ASIC for 7 years
Samuel Haig
2020-09-03T08:30:00+01:00
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Explained
Crypto worth billions upon billions of dollars has been lost to fraud. But what are the most common scams, and can they be stopped?
Fraudulent Transactions in Crypto, Explained
Connor Blenkinsop
2019-10-22T19:09:00+01:00
How to crypto
Experts share their insights on how to best avoid crypto exit scams, highlighting the biggest red flags investors should look out for.
Crypto Exit Scams — How to Avoid Falling Victim
Shiraz Jagati
2019-09-09T09:13:00+01:00
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Analysis
With a new AML report describing 2019 as the year of the exit scam, Cointelegraph looks at the biggest alleged scams to date and how to spot one...
What Are the Biggest Alleged Crypto Heists and How Much Was Stolen?
Joseph Birch
2019-08-16T17:36:00+01:00
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News
Indian police have discovered an alleged multi-million dollar cryptocurrency scam involving a BitConnect promoter.
Indian Police Uncover Cryptocurrency Scam Involving BitConnect Promoter
Ana Alexandre
2019-06-03T21:37:00+01:00
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News
The FBI is attempting to investigate the movements behind the failed alleged ponzi scheme, which at one point was worth $2.5 billion.
FBI Solicits Information From Bitconnect Investors With Voluntary Questionnaire
William Suberg
2019-02-22T07:41:00+00:00
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