To “recover his investment,” the ED alleges Bhatt, along with accomplices, kidnapped two employees of BitConnect’s creator Satish Kumbhani, extorting 2,091 Bitcoin , 11,000 LiteCoin and ...

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 ...

Or when BitConnect’s organizers disappeared with ... and maintains a YouTube channel where he’s the same irrepressible guy as ever. He also, for better or worse, has tried to leverage his ...

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.

BitConnect founder Satish Kumbhani was indicted by a U.S. grand jury on charges he orchestrated a global Ponzi scheme that raised $2.4 billion from investors in a fraudulent cryptocurrency ...

A new lawsuit has been filed in connection with the controversial BitConnect cryptocurrency investment scheme, the second such case to be filed in the past month. The lawsuit, filed on behalf of ...

Ahh, crypto. We’ve all heard the seductive, utopian platitudes sung by digital currency evangelicals: It’s changing the world (or, as BitConnect guy once put it, “The world is not anymore ...

Bitconnect, the lending and exchange platform that was long suspected by many in the crypto community of being a Ponzi scheme, has announced it’s shutting down. In a release on its website the ...

A group of investors sued BitConnect, alleging that the cryptocurrency exchange platform was a “wide-reaching Ponzi scheme” and seeking potentially hundreds of millions of dollars in damages.

Federal regulators sued five individuals for helping BitConnect, a cryptocurrency exchange platform, raise more than $2 billion from retail investors in an offering that wasn’t registered with ...

Indian authorities seize loot from BitConnect crypto-Ponzi scheme Devices containing crypto wallets tracked online, then in the real world India’s Directorate of Enforcement has found and seized ...

The Securities and Exchange Commission said late Wednesday that online cryptocurrency lending platform BitConnect, its founder Satish Kumbhani and others allegedly defrauded retail investors out ...