The superior court has reversed a lower court’s decision, making it possible for a class action to proceed against the promoters of one of crypto’s most infamous scams. The 11th Circuit Court of ...

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” might ...

BitConnect is in the midst of closing its cryptocurrency lending and exchange platform, following warnings from US regulators and speculation that the platform is little more than a Ponzi scheme. In a ...

U.S. law enforcement authorities will start liquidating roughly $57 million worth of cryptocurrency seized from the now-defunct BitConnect crypto exchange to provide some restitution to defrauded ...

One of the things that made BitConnect so resilient to criticism was its wide network of promoters, shamelessly shilling the company on YouTube and other social media channels. But it seems that even ...

India’s law enforcement has arrested a man suspected of kidnapping two people connected to a once well-known crypto “Ponzi” in an attempt to “recover his investment.” In an Aug. 17 statement, the ...

Over the past few days, I’ve been revisiting the story of the massive 2016-2018 crypto scam BitConnect for an upcoming project. One of my surprising takeaways is that, though BitConnect was a shady ...