Is BitConnect closed?
BitConnect was an open-source cryptocurrency released in 2016 with the goal of allowing users to lend the value of BitConnect coin in return for interest payments. The BitConnect operation was shut down in January 2018.
Who went to jail for BitConnect?
1, Glenn Arcaro, 44, of Los Angeles, pleaded guilty to participating in a massive conspiracy to defraud BitConnect investors in the United States and abroad, in which investors were fraudulently induced to invest over $2 billion. The BitConnect scheme is the largest cryptocurrency fraud scheme ever charged criminally.
How much money did BitConnect get away with?
Share All sharing options for: US government seizes $56 million in crypto from BitConnect's 'number one promoter' The US government has seized $56 million worth of cryptocurrency from an admitted participant in the BitConnect scam and intends to sell the coins and use the proceeds to reimburse victims.