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FBI Is Looking For BitConnect Victims

Wed, 02/20/2019 - 19:01
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Alex Dovbnya
The victims of the once popular lending platform that turned out to be the biggest crypto scam in history are encouraged to speak up by the FBI
FBI Is Looking For BitConnect Victims
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If you happen to be involved in the BitConnect disaster you might want to contact the FBI. On Feb. 20, the law enforcement agency has announced that it’s seeking all victims of the infamous Ponzi scheme.

The $3,5 bln Ponzi scheme

The FBI encourages all those who are related to the BitConnect case to fill out a special form where one has to provide his/her personal information and answer a set of pertinent questions.

Due to the anonymous nature of cryptocurrencies, it’s hard to identify those who were affected by the multi-billion scam. According to FBI’s Vicki Anderson, one victim from Northern Ohio came forward to them, but that person wanted his/her identity to remain undisclosed. It has been estimated that the BitConnect victims lost up to $3.5 bln.

‘BitConnect Carlos’ Meme Hero Turns His Back on Bitcoin

The drama continues

Back in March 2018, BitConnect promoter Trevon James posted a Youtube video where he claimed that the FBI had interrogated him about his involvement in the project. James also said that he was glad there was no proof of him knowing anything.

U.Today reminds its readers that BitConnect, which is essentially a high-yield investment program,

held its ICO in 2016 and enjoyed skyrocketing popularity throughout 2017. Its native BCC made it to CMC top 10 with a market cap of $2.6 bln. Uninitiated investors were lured in by quick returns that were offered by BitConnect’s four-tier investment system.

The drama continues

Eventually, after tons of negative press and regulatory crackdown, BitConnect was forced to exit the market. BCC became worthless in a snap after reaching almost $400 during the peak of the crypto market.

BitConnect charts
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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at