# Bitconnect News

The cryptocurrency space has unfortunately been plagued by exit scams and fraud ICOs, and it appears as though the latest scam has successfully taken hundreds of millions of shillings from Kenyan investors. While cryptocurrency investors are often encouraged by the fact that so many corporations and executives are excited about...

According to a notice published February 20, 2019, the Federal Bureau of Investigation (FBI) is seeking a response from investors who lost money due to the now-defunct cryptocurrency exchange platform BitConnect. The FBI Wants You The controversy surrounding the digital token issued by BitConnect is something the industry would want...

As the BitConnect saga slowly unravels, an Australian BitConnect promoter received a travel ban and had its assets frozen following a request made to Federal Court by the Australian Securities and Investments Commission (ASIC) on January 5, 2019. BitConnect Promoter Forced to Stay “Down Under” According to a report by...

It is perhaps no secret that the cryptocurrency market failed to meet the expectations of most investors this year. While 2017 was widely regarded to be the year cryptocurrencies and ICOs reached mainstream popularity, 2018 has been impactful in a much more subdued manner. For instance, institutional interest and adoption...

Cryptocurrency-related lawsuits have officially reached its peak, tripling in 2018 According to a 2018 Securities Litigation Report released on September 11 by Lex Machina. The number of cases mentioning Bitcoin or blockchain has increased significantly from the previous years, which coincide with the rise and fall of bitcoin and other...