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CRYPTOCURRENCY

BitConnect Founder Charged with Orchestrating Global Crypto Ponzi Scheme Worth $2.4B
cryptocurrency

BitConnect Founder Charged with Orchestrating Global Crypto Ponzi Scheme Worth $2.4B

A U.S. grand jury indicted Satish Kumbhani, the founder of BitConnect, orchestrating a fraud scheme that siphoned approximately $2.4 billion from investors.

Victims of BitConnect Ponzi Scheme to Benefit from the Liquidation of $57M Crypto Assets
cryptocurrency

Victims of BitConnect Ponzi Scheme to Benefit from the Liquidation of $57M Crypto Assets

Victims of BitConnect fraud scheme have a reason to smile about after a court order granted the sale of cryptocurrencies accrued from the scam.

DoJ Charges BitClub Promoter for Role in $722 Million Crypto Fraud Scheme
cryptocurrency

DoJ Charges BitClub Promoter for Role in $722 Million Crypto Fraud Scheme

A Californian man pleaded guilty for his involvement in perpetrating BitClub Network, a cryptocurrency mining scheme that generated at least $722 million.

ASIC Bans BitConnect National Executive for His Part in Multi-Billion Dollar Crypto Ponzi Scheme
cryptocurrency

ASIC Bans BitConnect National Executive for His Part in Multi-Billion Dollar Crypto Ponzi Scheme

Australian Securities and Investments Commission (ASIC) has officially banned a former National Representative of BitConnect from providing financial services for seven years.

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