Topic: [ANN][BCC] Bitconnect Coin - Decentralized Cryptocurrency (Read 384600 times)

So guys, I wanna tell you something. Faith and belief is the one thing that we will need to be able to change the world. And right now, I believe that, in this g-room, we have the seed, that's gonna germinate and that's going to explode into an amazing opportunity for us to change this entire world!
https://risibank.fr/cache/stickers/d650/65046-full.png

Interesting. I'm sure the 800 people are pretty pleased with their average payment of $21,250, given they were otherwise gonna get nothing.


I didn't know it at the time but this is my kinda collector

New blocks are being mined via Proof of Stake:

https://chainz.cryptoid.info/bcc/

I have no idea how anyone would get it seeing as how its not listed on any exchanges.

A court decision was issued to reimburse 800 users affected by the Bitconnect ponzi scheme, $17 million will be distributed among them, while users lost $2.4 billion as a result of the actions of fraudsters. This decision was made by the Federal District Court in San Diego.

https://www.justice.gov/opa/pr/crypto-fraud-victims-receive-over-17-million-restitution-bitconnect-scheme

scammed by the U.S. govt again smh!

Well, it seems that the founder of BitConnect, Satish Kumbhani, accused of fraud in the amount of $2.4 billion with the help of a Ponzi scheme, managed to escape, so according to the SEC, he could not be handed court documents and his whereabouts are unknown.

Source: https://storage.courtlistener.com/recap/gov.uscourts.nysd.565927/gov.uscourts.nysd.565927.28.0.pdf

On February 25, a federal grand jury in San Diego accused the founder of the BitConnect project, Satish Kumbhani, of fraud in the amount of $2.4 billion. The indictment alleges that the BitConnect project worked under a ponzi scheme, paying earlier investors funds at the expense of later participants. If found guilty on all counts, Kumbhani faces up to 70 years in prison.

Source: https://www.justice.gov/opa/pr/bitconnect-founder-indicted-global-24-billion-cryptocurrency-scheme

Just buy it from an exchange https://www.unnamed.exchange/Exchange?market=BCC_BTC

So its January 2022, call me crazy or whateva u want, but I'm trying to collect some Bitconnect coins. I have a collection of rugged, scam, tokens I want to add BCC to it. The Blockchain is still running, any info on how to obtain/buy? Appreciate it.

This means that there's a possibility to have back our money?

The US Department of Justice and the Prosecutor's Office for the Southern District of California will sell a cryptocurrency worth $56 million, confiscated from the former director and promoter of the BitConnect fraudulent scheme Glenn Arcaro. The proceeds will be used to compensate the affected investors.
https://www.justice.gov/opa/pr/56-million-seized-cryptocurrency-being-sold-first-step-compensate-victims-bitconnect-fraud

I doubt this will do much in the way of dissuading future scam promoters as its just too lucrative a business for them to stay away from. However, its still better than nothing.

The SEC and four of the six promoters of the fraudulent cryptocurrency project Bitconnect have reached a settlement agreement. The agreement implies the payment of $3 million by Joshua Jeppesen, $576 thousand by his fiancee Laura Mascola, $526,000 by Ryan Maasen and the amount requiring clarification by Michael Noble.
Two other participants in the process, Craig Grant and Ryan Maasen, have not yet reached an agreement with the Commission, Law360 reported https://www.law360.com/fintech/articles/1401112
https://outline.com/UpAFzp

Too bad Bruno isn't around to see this. He would have really enjoyed this.

SEC Charges U.S. Promoters of $2 Billion Global Crypto Lending Securities Offering

Edit: Sorry for double post, missclicked...

There is currently a community initiative to fork the Bitconnect blockchain at block height 3125000 (would be around 31st March, but might be postponed).
This would give us control over the GitHub rep, and also the top 16 wallets (except for 2) would be burned, because they are probably connected to old BCC exchanges, and the old Bitconnect.co platform. Most likely noone of them still has access to those wallets, since they havn't been opened for 3 years and the BCC basically were worthless back then, but forking them out doesn't hurt anyone...

Just to make people who are interested aware.
If you think about it, Bitconnect actually would be a great memecoin. Everyone in Crypto knows about it or will know about it at some point. This organic marketing hardly can be beaten. Only the top coins and Doge have similar free, organic marketing.
And the Bitconnect memes will always be used, so why wouldn't the coin be used?
The BCC proof-of-stake chain is running smoothly since end of 2016:
https://chainz.cryptoid.info/bcc/

The original BCC coin can still be bought here:
https://piratecash.net/en/dex/
(and at unnamed.exchange, but they currently have a lot of problems and I can't recommend to use them)
If you buy the original BCC, you will also own the forked coin.
Bitconnect.com is the new website, not connected to the former scammers - it's a community initiative to bring BCC back to light for those who still own them and got rekt by the former scammers, or those who simply like it as a widely distributed memecoin.