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 ...

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 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 ...

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 ...

The BitConnect scandal of 2018 has pushed authorities to be more strict about promoting cryptocurrency to entice investors. Although the BitConnect issue did not involve money laundering or ape JPGs, ...

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 ...