A web developer for one of cryptocurrency’s biggest scams has been arrested. Dhaval Mavani, who developed Bitconnect’s website was apprehended in New Delhi after being deported from Abu Dhabi. A warrant for his arrest was issued last year in August, per the Times of India. Mavani was reportedly hired in 2017 by the alleged head of Bitconnect in Asia, Divyesh Darji, to build a website for the $3.2...
Property worth over Rs 38 Crore ($5.5 million) has been seized in the Indian state of Gujarati from promoters of the Bitconnect cryptocurrency scam. According to the Times of India, the property includes 280 Bitcoins which at the current prices are worth nearly $2.9 million. The seizure of the properties follows the arrest of Bitconnect promoter for the Asia region Rakesh Savani, over the weekend...
By CCN: Another cryptocurrency scam, same fraudster. Police in India’s city of Surat have implicated infamous BitConnect promoter Divyesh Darji in yet another cryptocurrency scam. According to The Times of India, Darji was involved in promoting a cryptocurrency known as Regal Coin to investors by promising them astronomical returns. Darji who was arrested last year in August for his role in the...
By CCN: In 2016 a cryptocurrency project named BitConnect came along offering 1% daily compounded interest for those who purchased and staked its token. When the BitConnect (BCC) bubble inevitably burst, the owners, as expected, made off everyone’s money. The BCC token price sunk by 99.9%, and a previously $2.5 billion valued project became worthless. Now, the greatest scam ever sold is back...
By CCN.com: Carlos Matos, who promoted Bitconnect throughout its existence, posted a bizarre video to YouTube today in which he claims that he lost most of the money invested in BitConnect and that it was not the first scam to which he fell victim. Watch Matos below, in a video from 2017, pumping the crowd at a Bitconnect event. 'BeeeeeetConnect' Guy is Back In the new vlog, Matos says he...
New Zealand has suffered one of its darkest days after a terrorist targeted several Christchurch mosques killing 49 people and seriously wounding 20 others. The alleged killer, a 28-year-old Australian man who according to reports says his name is Brenton Tarrant, claimed responsibility for the massacre, which he live-streamed as he gunned down Muslim worshippers. Improvised explosive devices...
Like most scams, it will be years before Bitconnect’s operators have felt the full weight of their actions. However, the US government wants victims to help bring the $2.5 billion crypto Ponzi scheme to justice. FBI Wants to Talk to Bitconnect Victims The FBI is looking to talk to people victimized by the Bitconnect scheme. It is publicly taking applications and information via its website. The...
John Bigatton, the only representative for BitConnect Australia, has had his assets frozen by the Australian Securities and Investments Commission (ASIC), functions very similarly to the Securities and Exchange Commission in the United States. Bigatton can't travel, as part of the ongoing investigation. In the video below, Bigatton celebrates with BitConnect victims as cash rains to a Star Wars...