August 10, 2026
A New York federal judge has ordered a cryptocurrency promoter to pay over $2.6 million to resolve claims from the U.S. Securities and Exchange Commission that he recruited investors into a $2 billion unregistered cryptocurrency lending program.
July 16, 2026
A New York federal judge ordered a promoter of digital asset BitConnect to pay more than $1 million to end the U.S. Securities and Exchange Commission's claims that he earned hundreds of thousands of dollars by recruiting investors into an unregistered cryptocurrency lending program, rejecting his arguments that the payment should be reduced.
July 07, 2021
The U.S. Securities and Exchange Commission was on track Wednesday to close out more than $4 million in settlements with promoters of the ill-fated, $2 billion BitConnect investment program, which was shut down by regulators amid near-total investor losses.
May 28, 2021
The U.S. Securities and Exchange Commission filed a complaint in the Southern District of New York on Friday against five people connected to a digital asset called BitConnect, alleging they were involved in the promotion and sale of unregistered securities that raised over $2 billion.