WebNov 16, 2024 · The BitConnect scam is alleged to have swindled thousands of people in the U.S. and abroad out of more than $2 billion worth of bitcoin. The Securities and … WebJul 11, 2024 · Due to a technical recalculation of tokens in circulation, BitConnect recently dropped from 8th position to 15th on CoinMarketCap. The update certainly no longer …
[ANN][BCC] Bitconnect Coin - Decentralized Cryptocurrency
WebIts tenure lasted almost two years, during which it hit all-time highs of $471 in December 2024, at the same time as Bitcoin’s run to just under $20,000. Thereafter, legal problems with BitConnect saw its organizers exit the scheme, leaving investors with nothing and the value of BCC at virtually zero, where it has remained ever since. WebJan 24, 2024 · THE TRUTH About BitConnect, CryptoNick, Trevon James, and Craig Grant Chainalysis is the blockchain data platform. We provide data, software, services, and research to government agencies, Web3... how many beers is a stein
BitConnect founder indicted for $2.4 billion cryptocurrency Ponzi ...
The Bitconnect Coin was among the world's top 20 most successful cryptocurrency tokens [12] until its price collapsed after traders began losing confidence. BCC rose from a post ICO price of $0.17 to an all-time high of US$463 in December 2024; it declined to US$0.40 as of March 11, 2024. See more Bitconnect (also spelled BitConnect and KimConnect; stylized bitconnect, ticker code BCC) was an open-source cryptocurrency in 2016–2024 that was connected with a high-yield investment program, … See more Bitconnect was released in 2016 with the goal of allowing users to lend the value of Bitconnect Coin in return for interest payments. The marquee program was the so-called lending … See more On January 16, 2024, Bitconnect announced it would shut down its cryptocurrency exchange and lending operation after regulators from Texas and North Carolina issued … See more • List of cryptocurrencies • OneCoin • PlusToken • USI Tech See more Bitconnect was suspected of being a Ponzi scheme because of its multilevel marketing structure and impossibly high payouts (1% daily compounded interest). Bitconnect interest fluctuated … See more On October 28, 2024, Bitconnect held its first (and only) annual ceremony in Pattaya, Thailand. During the event, an investor named Carlos Matos from New York City gave an exuberant presentation and testimonial about the website, which included him … See more • Official website (last archived version, 28 November 2024) See more WebSep 1, 2024 · The Securities and Exchange Commission announced today that it has filed an action against BitConnect, an online crypto lending platform, its founder Satish Kumbhani, and its top U.S. promoter and his affiliated company, alleging that they defrauded retail investors out of $2 billion through a global fraudulent and unregistered offering of ... WebJan 12, 2024 · A federal district court in San Diego ordered today that over $17 million in restitution be distributed to approximately 800 victims from over 40 different countries due to their investment losses in BitConnect, a massive cryptocurrency investment scheme, which defrauded thousands of investors worldwide. how many beers is equivalent to a shot