The BitConnect scammers deceived 4,000 investors out of $2.4 billion. During the investigation, crypto assets, cash, a sports SUV, and electronic devices were seized
The founder of the scheme, Satish Kumbhani, is still on the run. Meanwhile, former top executive Glenn Arcaro pleaded guilty and agreed to pay $24 million to the investors
A reminder of how important it is to be cautious with cryptocurrency investments!