BitConnect Coin (BCC) is the cryptocurrency associated with the BitConnect platform . It is open source. It is a peer-to-peer community driven currency.
Read moreHow much money did BitConnect steal?
We thank our partners around the world for their continued efforts.” “This indictment alleges a massive cryptocurrency scheme that defrauded investors of more than $2 billion ,” said U.S. Attorney Randy Grossman for the Southern District of California.25 Şub 2022
Read moreWhat happened to BitConnect?
On January 17, 2018, Bitconnect shut down , and BCC prices crashed by 92% immediately after. Bitconnect announced it would refund its loans. However, the Bitconnect X website remained open and operational, having just begun its ICO and allowing users to purchase BCCX coins with their BCC coins.
Read moreWas BitConnect a scheme?
“As alleged in the indictment, however, BitConnect operated as a Ponzi scheme by paying earlier BitConnect investors with money from later investors,” the Justice Department said in a statement. Kumbhani and his co-conspirators allegedly made about $2.4 billion in the scheme.
Read moreHow much did BitConnect steal?
We thank our partners around the world for their continued efforts.” “This indictment alleges a massive cryptocurrency scheme that defrauded investors of more than $2 billion ,” said U.S. Attorney Randy Grossman for the Southern District of California.
Read moreIs BitConnect closed?
BitConnect used money from new investors to pay earlier ones and also operated as an unlicensed money transmitting business, the U.S. said. BitConnect closed its exchange in January 2018 after getting cease-and-desist letters from state regulators in Texas and North Carolina.
Read moreWhat happened to the owner of BitConnect?
BitConnect used money from new investors to pay earlier ones, the U.S. said. BitConnect founder Satish Kumbhani, charged criminally in the U.S. last week with a $2.4 billion Ponzi scheme, has vanished from his native India , officials said.
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