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[NEWS] $56 Million in Seized Cryptocurrency Being Sold as First Step to Compensate Victims of BitConnect Fraud Scheme | OPA

[NEWS] $56 Million in Seized Cryptocurrency Being Sold as First Step to Compensate Victims of BitConnect Fraud Scheme | OPA



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  1. tldr; A federal judge has granted a request from the US Department of Justice and the US Attorney’s Office for the Southern District of California for authority to liquidate approximately $56 million in fraud proceeds seized from the self-described “number one promoter” of BitConnect, a cryptocurrency, who consented to the seizure. This liquidation is the largest single recovery of a cryptocurrency fraud by the US to date.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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