We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Asset Freeze Denied For Alleged $2B Cryptocurrency Scam

Law360 (February 8, 2018, 10:15 PM EST) -- 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.

The suit accuses BitConnect International PLC, BitConnect Ltd. and BitConnect Trading Ltd. of fleecing accountholders and investors in their cryptocurrency enterprise, which allegedly collapsed in January. But in a two-page order, the judge said the plaintiffs “fail to show that immediate...
To view the full article, register now.




Case Information

Case Title

Wildes et al v. BitConnect International PLC et al

Case Number



Florida Southern

Nature of Suit



Donald M. Middlebrooks

Date Filed

January 24, 2018

Law Firms


Judge Analytics

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.