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 … WebFeb 25, 2024 · BitConnect is an alleged fraudulent cryptocurrency investment platform that reached a peak market capitalization of $3.4 billion. According to court …
Founder of Fraudulent Cryptocurrency Charged in $2 Billion BitConnect …
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 … WebDec 19, 2024 · How BitConnect Works. BitConnect’s core offering is a piece of Bitcoin price volatility software that makes Bitcoin investment decisions on behalf of the BitConnect community. The basic idea behind BitConnect is everyone lends their funds to the BitConnect investment pool, and the software manages those funds, generating a … kahoot share editing rights
This is how BitConnect works (why it hasn
WebAll “official” information about the token is no longer available, as BitConnect’s website has long been offline. Do Not Buy BitConnect (BCC) BCC is no longer tradable on any … 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 WebThe BitConnect Coin, at it’s peak trading at nearly $500, immediately dropped over 90% following the shutdown. State securities divisions had started to apply pressure right before the shutdown, including alleging that BitConnect was a Ponzi scheme, and that BitConnect was not registered to sell securities in their respective states. kahoots hours today