Following months of red flags, Bitcoin investment platform BitConnect – which has long been suspected of running a Ponzi scheme – has officially announced its platform is shutting down. In a blog post ...

In a menacing turn of events yesterday, Bitcoin investment lending platform BitConnect abruptly announced it is shutting down its lending and exchange services. But while this sudden “curveball” might ...

It was only a matter of time before the unregulated cryptocurrency markets suffered their first casualty. Amid the headline news that bitcoin has lost upwards of $30 billion in value over the last 48 ...

BitConnect is in the midst of closing its cryptocurrency lending and exchange platform, following warnings from US regulators and speculation that the platform is little more than a Ponzi scheme. In a ...

BitConnect, a cryptocurrency exchange with a dubious reputation, announced on Tuesday that it was closing down its lending and trading platform. Citing bad press, two cease-and-desist letters from the ...

Over the past few days, I’ve been revisiting the story of the massive 2016-2018 crypto scam BitConnect for an upcoming project. One of my surprising takeaways is that, though BitConnect was a shady ...

Indian authorities have seized nearly $190 million in cryptocurrency linked to the BitConnect Ponzi scheme, which collapsed in 2018. The Enforcement Directorate (ED) in Ahmedabad conducted raids on ...