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

"Crypto Crooks" is sponsored by Chainalysis. BitConnect’s nefarious tentacles reached across the world. So did the impact of its downfall and the fates of its architects. In our season finale, we take ...

Former BitConnect promoter Glenn Arcaro has pled guilty to his role in the saga, but the whereabouts of the firm’s founder, Satish Kumbhani, are unknown. Glenn Arcaro, former director and promoter of ...

The indicted founder of crypto trading platform BitConnect has gone off the grid – leaving federal officials unable to formally serve him with a lawsuit in connection to an alleged $2.4 billion Ponzi ...

BitConnect's founder was indicted by a federal grand jury for orchestrating a $2.4 billion cryptocurrency Ponzi scheme, the U.S. Justice Department said. Satish Kumbhani, 36, of Hemal, India, the ...

SAN DIEGO (AP) — A Los Angeles man pleaded guilty Wednesday to participating in what prosecutors called a “textbook Ponzi scheme” that defrauded cryptocurrency investors worldwide of more than $2 ...

One of the directors involved in the BitConnect cryptocurrency Ponzi scheme has pleaded guilty to his role in the conspiracy. This week, the US Department of Justice (DoJ) said that Los Angeles ...

A San Diego federal judge on Thursday ordered the top U.S.-based promoter of a worldwide cryptocurrency scam to pay more than $17.6 million in restitution to nearly 800 victims from around the globe.

The SEC settled with three people involved in now-closed crypto exchange BitConnect's lending scheme. The three paid a total of $3.5 million and 190 in bitcoin, but did not admit or deny the ...