The millions will be distributed among the select number of victims, but thousands more were impacted by the $2.4 billion fraudulent scheme. A group of crypto fraud victims of the BitConnect ...

Over the past few days, I’ve been revisiting the story of the massive 2016-2018 crypto scam BitConnect for an upcoming project. One of my surprising takeaways is that, though BitConnect was a shady ...

The US government has seized $56 million worth of cryptocurrency from an admitted participant in the BitConnect scam and intends to sell the coins and use the proceeds to reimburse victims. The ...

A California judge has ordered $17 million in restitution to be paid out to hundreds of victims of the BitConnect Ponzi scheme, the infamous global scam that collapsed in 2018. U.S. District Court ...

One of the directors involved in the BitConnect cryptocurrency Ponzi scheme has pleaded guilty to his role in the conspiracy. This week, the US Department of Justice (DoJ) said that Los Angeles ...

The US Securities and Exchange Commission (SEC) has charged five members of BitConnect's promoter network over their alleged role in the marketing of the scam. The regulator claims that the five ...

The Indian police launched an investigation into BitConnect co-founder Satish Kumbhani months after the U.S. SEC said he had relocated from India. The saga of BitConnect, a major cryptocurrency scam ...

Last week, a US District Court, San Diego indicted Kumbhani for orchestrating a global Ponzi scheme The FBI has evaluated the scam size to the tune of INR 18,000 Cr, while Surat CID team who has been ...

What’s most striking is that the SEC has targeted five Bitconnect promoters, not the actual creator and mastermind of the scheme – allegedly an Indian man, who appears in the Friday charging documents ...

The US Justice Department is selling $56 million worth of cryptocurrency seized from BitConnect's top promoter. The proceeds from the sale will be put toward paying back victims of the BitConnect scam ...