The Next Web

How BitConnect pulled the biggest exit scheme in cryptocurrency

In a menacing turn of events yesterday, Bitcoin investment lending platform BitConnect abruptly announced it is shutting down its lending and exchange services. But while this sudden “curveball” might ...
The Next Web

BitConnect is shutting down its lending and exchange platform

Following months of red flags, Bitcoin investment platform BitConnect – which has long been suspected of running a Ponzi scheme – has officially announced its platform is shutting down. In a blog post ...
ZDNet

BitConnect director pleads guilty to role in $2 billion cryptocurrency fraud

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 ...
Bleeping Computer

Victims of $2 billion BitConnect fraud to get back $57 million

U.S. law enforcement authorities will start liquidating roughly $57 million worth of cryptocurrency seized from the now-defunct BitConnect crypto exchange to provide some restitution to defrauded ...
CoinDesk

BitConnect Episode 1: The Gujarati Connection

This week, we dig into the rise of BitConnect, the strange kidnapping case that ultimately helped unravel the scheme and an important Texas Securities Commission cease and desist order. Listen or ...