The U.S. Securities and Exchange Commission (SEC) has denied a Freedom of Information Request (FOIA) on the BitConnect cryptocurrency investment scheme, citing an exemption usually applied to records tied to law enforcement. The FOIA was sent by Florida lawyer David Silver, who though the law firm Silver Miller is representing clients in one of a […]

BitConnect

Yet another lawsuit seeking class-action status has been filed in Florida against BitConnect, constituting the third legal action of its kind to be initiated in the state and the fifth overall in the U.S. Florida residents Andrew Kline, Dusty Showers and Lena Hunt, along with Rhode Island resident Charles Mabra, filed the lawsuit in the U.S. […]

BitConnect

A new lawsuit has been filed in connection with the controversial BitConnect cryptocurrency investment scheme, the second such case to be filed in the past month. The lawsuit, filed on behalf of Kentucky resident Brian Page, names BitConnect International, BitConnect LTD, Bitcoinnect Trading LTD and Ryan Maasen as defendants. Submitted on Monday, Page is seeking […]

BitConnect

Former BitConnect investors have filed a class action lawsuit Wednesday, Jan. 24, seeking compensation from the company that was found out to be a Ponzi scheme and has shut down on Jan. 17. The class action complaint states that BitConnect issued cryptocurrency tokens that were actually unregistered securities and collected additional funds via a “wide-ranging […]

Bitcoin Scams

Just a week after the abrupt closure of BitConnect’s lending and exchange platform, investors are seeking legal action to claim back their funds, according to public document. The class action case (see below), filed with the Southern District Court of Florida on Jan. 24, alleges that BitConnect issued cryptocurrency tokens that were effectively unregistered securities […]

BitConnect

The price of BitConnect’s controversial cryptocurrency has cratered following Tuesday’s news that its lending and exchange operation is shutting down – and investors have been unable to sell their tokens despite claims the site would stay online this week. The closure of BitConnect’s lending and exchange platform was a major development given that its sales […]

BitConnect