The Texas State Securities Board (TSSB) has revealed that it issued 16 administrative orders against entities suspected of running crypto-related scams in 2018.
In its 2018 Enforcement Report, the Texas regulator, which provides investigative, financial, and prosecutorial assistance to state and federal prosecutors,
A man who was allegedly involved in promoting the BitConnect bitcoin Ponzi scheme was arrested on August 19 at the Delhi Airport in India.
Divyesh Darji, the alleged India BitConnect head, was taken into custody by the Gudjarat Criminal Investigation Department (CID) after arriving in the country from Dubai.
Crypto investment platform BitConnect has been hit with another class action lawsuit.
The lawsuit, filed by investor Brian Paige in Kentucky federal court, names BitConnect International, BitConnect LTD, Bitcoinnect Trading LTD, and Ryan Maasen as defendants. The plaintiff alleges that BitConnect’s investment platform is actually a Ponzi scheme,
Crypto investment platform BitConnect will be closing its lending and exchange platform. The company’s lending operation will be shut down, effectively immediately, while its BCC exchange platform will close in five days.
Registered in Great Britain, BitConnect claims to be an open source,
The Texas Securities Commissioner has entered an Emergency Cease and Desist Order to halt trading through BitConnect, a UK crypto community platform that offers multiple investment options using its own coin, BCC.
The coins are unregistered securities, the Texas Securities Commissioner ruled.
