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BTCC / Hashtag / bitconnect lawsuit
#pump token price analysis #bitcoin #buildon coin
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Is Bitconnect a scam?

BitConnect is an alleged fraudulent cryptocurrency investment platform that reached a peak market capitalization of $3.4 billion. According to court documents, Satish Kumbhani, 36, of Hemal, India, the founder of BitConnect, misled investors about BitConnect’s “Lending Program.”

Did Bitconnect illegally take $2 billion from investors?

The founder of cryptocurrency exchange platform BitConnect illegally took more than $2 billion in digital money from investors in a securities sale that wasn't approved by federal regulators, a federal lawsuit filed Wednesday in New York alleges.

Who sued Bitconnect?

The Securities and Exchange Commission in September sued BitConnect, its founder Satish Kumbhani and Glenn Arcaro, who was the lead promoter of BitConnect in the United States. Signage is seen at the United States Department of Justice headquarters in Washington, D.C., August 29, 2020.

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