John Bigatton is accused of operating an unregistered managed investment scheme and providing financial advice without a license to do so, contrary to the laws of Australia.
John Bigatton has been described as a “born salesman,” and is the subject of investigation by the Australian regulator since BitConnect’s collapse.
Binance's new lending platform received a lot of negative attention stating that it is a very bad idea.
The investigation in BitConnect’s alleged Ponzi scheme continues, and the FBI is looking for help to get to the bottom of it.
The Australian Securities and Investment Commission has frozen the assets of John Bigatton, BitConnect’s Australia representative.
A newly consolidated lawsuit has been filed against BitConnect, several months after several cases have been brought forth against the company's alleged fraudulent pyramid scheme at the beginning of 2018.
North Dakota regulators have issued cease-and-desist orders against three groups launching initial coin offerings (ICOs) in the state, including BitConnect.
Authorities from two U.S. states have asked India’s Criminal Investigation Department (CID) of Gujarat police to seize the assets of the people allegedly behind cryptocurrency sector’s most elusive and sensational scam.
Divyesh Darji, reportedly the head of BitConnect India, was taken into custody after he arrived from Dubai, according to local media outlets.
Cryptocurrency exchange TradeSatoshi announced that it is removing 10 altcoins from its platform effective Sept. 10, 2018. Among the coins to be delisted is BCC, which reportedly still has a market capitalization of over $6.6 million—an incredible feat given that the token is practically worthless now.
Google-owned YouTube was charged with negligence in connection with its alleged failure to protect or warn its users that Bitconnect was a scam.