The US Department of Justice stated that BitConnect operated a “textbook Ponzi scheme.”
It was earlier reported that the firm’s founder Satish Kumbhani was indicted for swiping $2.4 billion from investors in February 2022. He was
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800 victims of 'massive' Bitconnect fraud to receive $17M restitutionThe United States Department of Justice (DOJ) announced around 800 victims of the cryptocurrency-based Ponzi scheme Bitconnect will have $17 million in restitution distributed among them. Means Carlos Matos is gonna get some money back :) So, TECHNICALLY, you DIDN’T lose all your money 👏 They scammers are now using ether-connect launched over 2years now and took all the investment and stay mute
Source: Cointelegraph - 🏆 562. / 51 Read more »