Australian regulator indicts BitConnect promoter John Bigatton
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.
Latest BitConnect News
BitConnect frontman banned from financial services in 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 lending platform a bad idea, experts say
Binance's new lending platform received a lot of negative attention stating that it is a very bad idea.
FBI seeks BitConnect victims’ help in their investigation
The investigation in BitConnect’s alleged Ponzi scheme continues, and the FBI is looking for help to get to the bottom of it.
Australia freezes John Bigatton’s assets in relation to BitConnect
The Australian Securities and Investment Commission has frozen the assets of John Bigatton, BitConnect’s Australia representative.
BitConnect faces fresh class action lawsuit: report
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.
BitConnect, 2 more ICO promoters shut down in North Dakota
North Dakota regulators have issued cease-and-desist orders against three groups launching initial coin offerings (ICOs) in the state, including BitConnect.
US states want Indian police to seize assets of BitConnect promoters
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.
Chief of BitConnect’s Asia operations arrested at Delhi airport
Divyesh Darji, reportedly the head of BitConnect India, was taken into custody after he arrived from Dubai, according to local media outlets.
BitConnect vanishing soon from the face of crypto world
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.
‘Negligent’ YouTube named defendant in Bitconnect lawsuit
Google-owned YouTube was charged with negligence in connection with its alleged failure to protect or warn its users that Bitconnect was a scam.
Crypto market scam LeadInvest goes blind in Texas
It appears that the fraudsters and scammers who are taking advantage of the cryptocurrency market are on the increase of late.