Tag: bitconnect

Aug 17 2022

BitConnect Founder Is Now Wanted in India Too

Aug 17 2022 Published at Coinscreed under tags  bitcoin bitcoin news bitconnect scam

In a complaint about missing bitcoin, a lawyer who chose to remain anonymous named BitConnect Founder Satish Kumbhani and six other people. Satish Kumbhani is the founder of the crypto protocol BitConnect. An investor named him in a complaint about missing bitcoins, so Indian police are looking for him in the city of Pune in […] The post BitConnect...

Mar 01 2022

‪BitConnet’s CEO Flees India After Crackdown Of $2.4 Billion Crypto Ponzi Scheme

The long-standing crypto fraud case against BitConnect, its founder, and promoters is yet to be resolved. The SEC has revealed that Satish Kumbhani, the founder of the crypto exchange, is nowhere to be found. The SEC is searching for BitConnect's indicted founder In a recent court filing, SEC attorney Richard Primoff stated that Kumbhani has The post ‪BitConnet’s CEO Flees India After Crackdown...

BitConnect Founder Charged With Masterminding $2.4 Billion Fraud

It will just be a matter of time until authorities catch up on BitConnect founder Satish Kumbhani and face the charges against him. Kumbhani was accused by a US federal grand jury for orchestrating a $2.4 billion bitcoin Ponzi scam. He was charged with wire fraud, commodities price manipulation, operating an unregistered money transmitting business. Kumbhani also faces conspiracy to commit international money...

Dec 30 2021

Matt Damon Wants You To Use Crypto.com – Whats In It For You?

Perhaps you've seen the Crypto.com(CRO) coin shooting up the list on CoinMarketCap/CoinGecko in 2021. Or maybe you've noticed Matt Damon being shoved in your face in every third commercial touting Crypto.com. If you are like most of us, you've wondered to yourself 'What the heck is CRO?' Interestingly enough, just a few years ago nobody really used the exchange and now it's positioned...

Dec 10 2021

SEC Obtains Judgment against Lead US BitConnect Promoter

The Securities and Exchange Commission (SEC) has obtained a judgment against Glenn Arcaro, the lead promoter of massive crypto scam BitConnect, and his company Future Money Ltd, the regulator annou...

Nov 18 2021

U.S. Government To Sell $56 Million Worth Of Crypto Seized In BitConnect Case

The U.S. government is set to sell crypto that was seized from the BitConnect case in 2018. The scam which had been carried out in the space of a year is the biggest ever in the crypto space, with over $2 billion lost by victims home and abroad. It was one of the most prominent crypto Ponzi schemes that ran from January 2017...

Sep 28 2021

Top 5 Crypto Scams That made Investors Lose Big!

Scams and hacks are on the rise in the crypto sector. With the way things are going, it is only going to go higher. Crypto exchanges are doing all they can to curb this menace. However, scammers are devising new methods to carry out their malicious activities. Also, the scammers are having a field day with quite a lot of things helping their...

Sep 03 2021

BitConnect Promoter Pleads Guilty In $2 Billion Crypto Scheme

Former director and promoter of the BitConnect Ponzi scheme, Glenn Arcaro, pled guilty on Wednesday in federal court to fraud charges. His participation in a massive conspiracy involving the crypto exchange defrauded investors of over $2 billion. The United States Department of Justice, Southern District of California,...

Sep 02 2021

SEC Indicts BitConnect Founder and Lead US Promoter

The crypto scam defrauded retail investors for more than $2 billion.

Sep 01 2021

Aug 20 2021

SEC Settles Charges against Three BitConnect Promoters

The defendants consented to the judgments without admitting or denying the charges.

Jul 08 2021

US SEC to Settle with BitConnect Promoters

The regulator will impose heavy fines on the promoters of the fraudulent scheme.

May 31 2021

SEC Sues Five Bitconnect Promoters Over $2 Billion Fundraise

The US Securities and Exchange Commission (SEC) has sued five individuals for promoting BitConnect Initial Coin Offerings (ICO) via various mediums that helped the firm raise $2 billion. The five individuals are accused of promoting unregistered security, a common theme among many ICOs from 2017. The chief regulatory body in a Friday briefing mentioned the The post SEC Sues Five Bitconnect Promoters Over...

a16z Eyeing a $2B Bet on Crypto

May 31, 2021 / Unchained Daily / Laura Shin Daily Bits ✍️✍️✍️ Circle announced a $440...

May 28 2021

Nov 18 2020

Alleged Promoter of BitConnect Crypto Scam Charged in Australia

Nov 18 2020 Published at CoinDesk under tags  asic australia bitconnect coinflash crime

The accused faces a maximum prison sentence of 17 years if convicted.

Nov 17 2020

Know a good blog/source that is not listed? Contact us or fill the form below to add one: