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 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
4976
New Year Special
Scams and frauds were still prevalent in 2018 despite a decline in the cryptocurrency market value.
From Bitconnect to SIM-Swap Swindling: 2018's Biggest Scams
Gareth Jenkinson
2019-01-09T13:51:00+00:00
14162
News
The Federal Court of Australia has imposed a travel ban and frozen the funds of John Bigatton, a promoter of $2.6 billion alleged Ponzi scheme Bitconnect.
Australian Federal Court Imposes Travel Ban, Fund Freeze on Bitconnect Promoter
Adrian Zmudzinski
2019-01-08T15:51:00+00:00
5842
In depth
Cointelegraph investigates the murky web of incidents connected with the Bitconnect heist, from Texas to Gujarat.
Exit Scam in Wonderland: Bitconnect’s Tentacles From Texas to Gujarat
Marie Huillet
2018-09-22T22:20:00+01:00
11611
News
Two U.S. states have asked Indian authorities to seize the property of the promoters of alleged BTC Ponzi scam BitConnect.
Two US States Implore Indian Authorities to Seize Property of BitConnect Promoters
Ana Alexandre
2018-09-12T02:47:00+01:00
13527
News
Indian police have arrested a man who was allegedly involved in promoting the Bitconnect investment scam.
Police Arrest Alleged India Head of Now-Defunct Bitconnect Scam
Marie Huillet
2018-08-20T14:05:00+01:00
12924
News
The Texas State Securities Board has taken emergency action against a network of fraudulent crypto-related firms.
Texas State Securities Board Issues Cease and Desist Order to Crypto Promoters
Helen Partz
2018-07-13T23:32:00+01:00
17503
News
YouTube has become a defendant in connection with the BitConnect class action lawsuit, claimants allege that YouTube did not take proper action in delisting vid...
YouTube Added as Defendant in Class Action Lawsuit Against BitConnect
Ana Alexandre
2018-07-06T03:39:00+01:00
39990

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