Bitconnect
Celsius and BitConnect: Not So Different?
The insolvent crypto lender may not have been as blatantly criminal as the infamous BitConnect pyramid scheme, but the parallels should have drawn more regulatory scrutiny.
The Rise and Fall of Terra vs. Bitconnect
CoinDesk’s Nikhilesh De discusses how the $14 billion crash of Luna Foundation Guard’s Terra protocol compares with the $2.4 billion global Bitconnect Ponzi scheme. Plus, CoinDesk’s Sam Kessler on what the future holds for stablecoins.
BitConnect Founder Indicted in $2.4B Ponzi Scheme Has Disappeared
Attorneys said efforts to locate Satish Kumbhani could remain unfruitful.
US Justice Department Indicts BitConnect Founder
Satish Kumbhani already faced SEC charges for his role in the "global Ponzi scheme."
DOJ to Sell $56M in Crypto Proceeds From BitConnect Fraud Scam
The agency called the liquidation the largest recovery of assets tied to a cryptocurrency fraud to date.
BitConnect’s Top US Promoter Pleads Guilty to Fraud Charge
Glenn Arcaro faces up to 20 years in prison for his role in the alleged $2 billion Ponzi scheme.
SEC Sues BitConnect Founder on Fraud Charges
CoinDesk's Nikhilesh De discusses the specifics and implications of the U.S. Securities and Exchange Commission (SEC) filing charges against BitConnect and its founder Satish Kumbhani and a U.S.-based promoter, Glenn Arcaro, alleging fraud worth $2 billion against the crypto lending company. Plus, reactions to CFTC Chair Chris Giancarlo, aka “Crypto Dad,” quitting BlockFi's board after just four months on the job and Binance.US reportedly going public in three years.
SEC Secures Judgments Against 3 in Bitconnect Scam
One individual must pay more than $3 million and hand over a wallet containing 190 bitcoins.
The Lesson of Bitconnect: Promoters Can Be Liable
The SEC has filed charges against five promoters of the alleged crypto fraud. It's a chance to learn from the mistakes of Trevon James and Co.
Is the SEC's Bitconnect Ponzi Scheme Lawsuit the Last From the ICO Boom Era?
The U.S. Securities and Exchange Commission (SEC) filed charges against five individuals for their alleged involvement in the Bitconnect crypto platform that collapsed in 2018. According to the SEC’s complaint, Bitconnect unlawfully used a network of promoters to offer and sell over $2 billion in unregistered securities. Is this the last of Bitconnect and the shadiness that stemmed from 2017’s ICO boom? “The Hash” panel weighs in.