Today news
About the same in other media
The US Justice Department is selling $56 million worth of crypto seized in massive bitcoin investment fraud case
Reading now: 499
George Frey/Getty Images/AFP/File
Victims of the biggest heist in the cryptocurrency world may soon get some retribution.
That's because the US Justice Department is selling $56 million worth of cryptocurrency it seized as part of its case against BitConnect, according to a Tuesday press release. The founder of BitConnect, a scam cryptocurrency, and its promoters swindled thousands of people out of $2 billion worth of bitcoin in 2017.
The scheme is the largest cryptocurrency fraud ever criminally charged, the Justice Department said in its statement. The proceeds from the sale will be used to help pay back victims of the scam.
The crypto to be sold was seized from BitConnect's top promoter, 44-year-old Glenn Arcaro, who pleaded guilty in
Read more on markets.businessinsider.comAbout this in other media
NFL wide receiver Odell Beckham Jr. is taking his salary in bitcoin — and plans to give away $1 million worth of crypto to his fans markets.businessinsider.com /3 years ago
El Salvador plans first 'Bitcoin City', backed by bitcoin bonds economictimes.indiatimes.com /3 years ago
El Salvador's dollar debt dives on Bitcoin bond plans cointelegraph.com /3 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
