BitConnect

An Indian man allegedly kidnapped two men involved in the $2.4 billion BitConnect Ponzi scheme to recoup losses. Shailesh Babulal Bhatt was an investor in BitConnect Coin, a token that is traded as the platform's native cryptocurrency,…

Former BitConnect promoter John Pegaton has pleaded guilty to one felony count of providing unlicensed financial services. Pegaton Back He appeared before the Sydney District Court on May 16, where he admitted providing unlicensed…

BitConnect's national promoter in Australia, John Pygaton, has pleaded guilty to his role in promoting the scam three and a half years after being charged. He promoted the fraudulent cryptocurrency scheme on social media, hosted…