ASIC has announced that the former Australian Bitconnect promoter John Bigatton has been charged with a raft of cryptocurrency-related scam.
ASIC has banned former BitConnect Ponzi scheme representative, John Louis Anthony Bigatton from providing financial services for seven years.
Indian police have uncovered another cryptocurrency scam and Divyesh Darji who was a Bitconnect promoter has been accused of drawing off millions of Indian Rupees.
US Regulators Issue Second BitConnect Cease-and-desist letter this month. The company has 30 days to respond to this letter. How will the situation unfold?
Following two cease-and-desist letters from the US regulators, BitConnect Platform shuts down. The team behind the project also blames the "bad press" for the latest developments.
Brian Page, a Kentucky resident, has filed the new BitConnect Ponzi Scheme lawsuit this Monday. He is looking into recovering the losses that incurred when the price of BitConnect’s native token, BCC, has dropped 90%.
How do you avoid cryptocurrency frauds? Before you take the plunge into buying Bitcoin or any other other cryptocurrencies, carefully examine the 6 Tips To Avoid Cryptocurrency Ponzi Schemes presented in this article.
Canadian Regulator OSC warns against BitConnect, adding that neither BitConnect, nor BCC Exchange and its representatives are registers in Ontario. They are not legally allowed to solicit investments or provide professional advice on investing in, selling, or buying securities.