February 08, 2018
A Florida federal judge on Thursday rejected a request for a temporary restraining order to freeze the assets of cryptocurrency trading organization BitConnect and several promoters, saying investors who sued hadn't adequately shown that possibly more than $2 billion was in danger of being stolen.
February 05, 2018
A proposed class of investors accusing cryptocurrency marketplace BitConnect of being both a pyramid and Ponzi scheme asked a Florida federal court on Monday for an emergency order freezing assets of the now-shuttered trading and lending platform, saying that such a move is necessary to stop their money from being spent or shunted into another scam.
January 29, 2018
The legal woes facing cryptocurrency marketplace BitConnect mounted Monday as the U.K.-registered lending and exchange platform was hit with a second class action complaint alleging it was a Ponzi scheme that cheated thousands of investors out of millions of dollars.