The Daily Hodl: SEC Charges Global Crypto Lending Platform With $2,000,000,000 Fraud
The U.S. Securities and Exchange Commission is filing charges against the crypto lending platform BitConnect and two of its top executives. The SEC alleges BitConnect defrauded retail investors out of $2 billion by selling unregistered investments in a “lending program,” according to a press release. BitConnect claims they utilized a “volatility software trading bot” to […]
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