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SEC sues defunct crypto exchange BitConnect and its founder over alleged $2B scheme

Sep. 01, 2021 2:34 PM ETBTC-USDBy: Joshua Fineman, SA News Editor20 Comments

Bitcoin network concept on digital Screen
da-kuk/E+ via Getty Images

  • Federal regulators sued BitConnect alleging that the cryptocurrency exchanged conducted a "fraudulent" and unregistered offering and sale of securities that succeeded in obtaining more than 325,000 Bitcoin (BTC-USD) or $2B from investors worldwide.
  • The U.S. Securities and

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