Tag: bitconnect

US Court Orders $17m Be Given to BitConnect Victims
Risk, Security

US Court Orders $17m Be Given to BitConnect Victims

The over $17 million in restitution awarded by a US court in the United States has set aside over $17 million in restitution awarded by a huge investment fraud victims are about to get their fair part of over $17 million in restitution The federal district court ruling issued in San Diego at the end of last week will benefit about 800 people living in more than 40 different countries. That, however, falls well short of the 4000 estimated victims of the Ponzi scheme who were duped out of their money and came from 95 different countries. BitConnect was a dishonest cryptocurrency scheme that deceived investors into investing money in the business under the pretence of receiving large profits. The BitConnect Lending Program marketed its "BitConnect Trading Bot" and "Volatility Sof...