TL;DR ▶ BitConnect raised over $2.4 billion from investors worldwide between 2016 and 2018 promising up to 1% daily returns via a proprietary trading bot. ▶ The trading bot never existed. Returns were paid using new investor deposits. Classic Ponzi…
Australian Authorities Freeze Assets Belonging to former Bit-connect Director, John Bigatton
The Australian securities and investments commission (ASIC), which is that country’s version of America’s Securities and Exchange Commission, has executed an asset freeze on Bitconnect’s John Bigatton. Bigatton who is a director and shareholder at Bitconnect has also been barred…
An Obituary of Bitconnect
Though crypto-currency has achieved a few milestones over the years, it has also seen a lot of people lose a lot of money after a few scam artists pulled a fast one on them. Such is the case of defunct…
