You Searched For "bitconnect" and got 9 results
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2 mins read
Founder of now-defunct BitConnect has been indicted for a $2.4 billion crypto Ponzi scheme.
BitConnect has since ceased trading and its founder, Satish Kumbhani, has been charged with a litan…
Adam Morgan McCarthy
1 min read
The US Justice Department is selling $56 million worth of crypto seized in massive bitcoin investment fraud case
The $2 billion BitConnect scheme is the largest cryptocurrency fraud ever criminally charged, the J…
Natasha Dailey
1 min read
SEC sues BitConnect founder for alleged $2 billion crypto fraud
The SEC alleges the defendants falsely told investors that it could generate monthly returns as hig…
Matthew Fox
2 mins read
BitConnect promoters pay 190 bitcoin and $3.5 million to settle SEC allegations over lending scheme
Three individuals linked to BitConnect's crypto lending scheme have settled with the SEC without ad…
Sophie Kiderlin
3 mins read
US regulator SEC sues five Bitconnect promoters in a $2 billion crypto trading Ponzi scheme
After three years of investigations, the US Securities and Exchange Commission (SEC) has sued fi…
2 mins read
Indian founder on the run in global $2.4 billion crypto ponzi scheme
A federal grand jury in San Diego last week indicted Kumbhani with orchestrating a global Ponzi …
1 min read
An employee embezzled $154 million from Sony then converted it to bitcoin — now the feds are trying to return it
"You cannot rely on cryptocurrency to hide your ill-gotten gains from law enforcement," the US Just…
Natasha Dailey
1 min read
UK law enforcement has reportedly seized $435 million worth of crypto in criminal investigations in the last 5 years
The London Metropolitan Police discovered most of the illicit bitcoin, seizing £294 million, or $39…
Natasha Dailey
4 mins read
Raghuram Rajan believes only a handful of cryptocurrencies will survive the hype — over 400 tokens have hit the dust in the last six months
The former governor of the Reserve Bank of India (RBI), Raghuram Rajan, believes that only a handfu…