Top 6 Cryptocurrency Exit Scams
Every time money is involved in any business model or project, there is a good chance an exit scam will occur sooner or later. In the cryptocurrency industry, such exit scams are a lot more common than one might think.
19 MAY 2019
FBI Seeking Potential Victims of BitConnect to Assist Investigation
If you invested in the proprietary token offered by the now-defunct crypto exchange BitConnect, the FBI wants to hear from you.
22 FEBRUARY 2019
Australian BitConnect boss hit with asset freeze and travel ban
Australian authorities have frozen the assets of BitConnect promoter John Bigatton, as international investigations into the world’s biggest cryptocurrency Ponzi scheme continue.
8 JANUARY 2019
Australia: Regulators Freezes Assets of BitConnect Promoter John Bigatton
John Bigatton, the only representative for BitConnect Australia, has had his assets frozen by the Australian Securities and Investments Commission (ASIC), functions very similarly to the Securities and Exchange Commission in the United States. Bigatton can’t travel, as part of the ongoing investigation.
8 JANUARY 2019
Bitconnect Refunding Scam Surfaces, Texas Securities Regulator Warns
Fraudsters are using a false TSSB notice to deceive Bitconnect victims by collecting a $250 fee for fake compensation initiatives.
5 DECEMBER 2018
New BitConnect Lawsuit Combines Previous Efforts Against Crypto Scam
Half a dozen lawsuits against the allegedly fraudulent cryptocurrency scheme BitConnect have now been combined into a single legal effort.
18 OCTOBER 2018
Two US States Implore Indian Authorities to Seize Property of BitConnect Promoters
Authorities from two U.S. states have implored the Criminal Investigation Department (CID) in India to seize the property of promoters of Bitcoin (BTC) investment firm BitConnect, the Times of India reported September 11.
12 SEPTEMBER 2018
India Bitconnect Head Arrested
Alleged India Bitconnect head, Divyesh Darji, was arrested this week at a airport in Delhi as he arrived from Dubai. He and conspirators are accused of bilking millions of dollars (Rs 88,000 crore) from Indian investors seeking to find financial refuge during the government’s demonetization campaign.
20 AUGUST 2018
YouTube Added as Defendant in Class Action Lawsuit Against BitConnect
According to court documents filed July 3, YouTube has been added as a defendant in a class action lawsuit against BitConnect.
6 JULY 2018
Florida Is Creating Its Own Crypto Czar
The Sunshine State's chief financial officer, Jimmy Patronis, said in a statement Tuesday that he has created a new position to supervise the state's cryptocurrency industry. He explained that the new overseer will be tasked with enforcing applicable regulations to protect investors from potentially malicious actors.
27 JUNE 2018
Texas Hits Another Crypto Lending Platform with Cease-and-Desist
Texas' securities agency has issued another cryptocurrency-focused emergency cease-and-desist order, this time against a lending scheme called DavorCoin.
5 FEBRUARY 2018