Bitconnect – DIGIT INFO

10 iconic crypto history videos you won’t believe actually happened

DIGIT — Tue, 29 Oct 2024 12:30:00 +0000

The birth and history of the crypto scene could be considered a meme. These iconic videos represent key chapters and milestones from crypto’s history and may make you giggle.

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Indian Authority Arrests Man in Crypto Extortion Case

DIGIT — Sun, 18 Aug 2024 02:30:05 +0000

A Gujarat-based man, Shailesh Babulal Bhatt, was arrested under the anti-money laundering law in connection with kidnapping and extortion cases, including a significant cryptocurrency-related crime exceeding Rs 1,200 crore ($144 million), according to the Enforcement Directorate (ED). Bhatt was taken into custody following a money-laundering probe initiated by the ED based on FIRs filed by […]

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Australian Court Convicts Bitconnect Promoter for Providing Unlicensed Advice

DIGIT — Tue, 16 Jul 2024 05:30:52 +0000

John Bigatton, the Australian promoter of Bitconnect, has been convicted by the Sydney District Court for providing unlicensed financial advice, violating section 911B(1) of the Corporations Act 2001, the Australian Securities and Investments Commission (ASIC) announced Monday. Between August 2017 and January 2018, Bigatton promoted Bitconnect through seminars and social media, claiming significant returns on […]

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BitConnect promoter banned for 5 years by Sydney District Court

DIGIT — Mon, 15 Jul 2024 07:47:31 +0000

John Bigatton has been convicted for unlicensed financial advice, impacting the credibility of Australia’s financial sector.

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Bitconnect Victims to Receive Over $17 Million in Restitution From Ponzi Scheme

DIGIT — Sat, 14 Jan 2023 05:30:34 +0000

More than $17 million in restitution will be distributed among investors in the pyramid scheme Bitconnect under a court order in the United States. The notorious crypto investment scheme defrauded thousands of people around the world. Bitconnect Investors From Dozens of Countries to Be Paid Back Millions of US Dollars A total of over $17 […]

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800 victims of ‘massive’ Bitconnect fraud to receive $17M restitution

DIGIT — Fri, 13 Jan 2023 04:42:59 +0000

The millions will be distributed among the select number of victims, but thousands more were impacted by the $2.4 billion fraudulent scheme.

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US Sentences Promoter of $3.4B Bitconnect Crypto Ponzi Scheme to 38 Months in Prison

DIGIT — Tue, 20 Sep 2022 04:30:55 +0000

The U.S. has sentenced a Los Angeles man to 38 months in federal prison for his role in the $3.4 billion Bitconnect crypto Ponzi scheme. He admitted to earning no less than $24 million from the scam, all of which will now be “repaid to investors in restitution or forfeited to the government,” the Department […]

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Indian Police Search for Bitconnect Founder After the US Indicted Him for Defrauding Crypto Investors

DIGIT — Sat, 20 Aug 2022 05:30:42 +0000

The Indian police have launched an investigation into Bitconnect and booked its founder after a bitcoin investor reported being defrauded by the global crypto “Ponzi scheme.” According to U.S. authorities, the scheme reached a market capitalization of $3.4 billion at its peak. The founder and his co-conspirators allegedly obtained about $2.4 billion from investors. Bitconnect’s […]

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Indian police launch probe into BitConnect founder wanted by US SEC

DIGIT — Wed, 17 Aug 2022 13:49:39 +0000

The Indian police launched an investigation against BitConnect co-founder Satish Kumbhani months after the U.S. SEC said he relocated from India.

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Feds Seize $34 Million in Crypto From Unidentified Florida Man

DIGIT — Tue, 05 Apr 2022 15:30:20 +0000

On April 4, 2022, the Department of Justice (DOJ) and the U.S. Attorney’s Office of South Florida revealed that law enforcement seized $34 million in crypto assets from an unidentified man living in Florida. According to the DOJ, the man allegedly conducted more than 100,000 sales on darknet markets, selling online account information tied to […]

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