Bitconnect Investigation | Bitcointalksearch.org

btc_barry

newbie

Activity: 11

Merit: 0

Quote from: btc_barry on October 10, 2019, 06:19:26 PM

I am researching scams such as bitconnect and the controversy around it.

For starters, I want to dig deeper into the ICO and "follow the money". Where is that 1500 BTC anyways?? I'm tracing the Bitcoin blockchain to see if I can find the source of funds.

Would you be willing to track down the address that bitconnect gave you to invest in their ICO? Or any other address you can identify as belonging to bitconnect? This would help my research a ton, and your assistance can be credited in my report. Hopefully, we can expose bitconnect for misleading investors and prevent future investors from making the same mistakes as you and me. PM me if you're willing to help out!

Thanks so much,
BTCarry

Nice job people! Keep the PMs coming! Any deposit addresses of Bitconnect that you or your friends can dig up, please send em my way.

asus09

sr. member

Activity: 1344

Merit: 270

Bitcoin is not the same with ICO project, they give lending profit for every investor hold or lock bitconnect balance for several month or I heard have lock for one years, during your bitconnect lock you can't sell your bitconnect how ever bcc price down or high, I think need investigation for bitconnect and take under arest for every one become team with bitconect. I know bitconnect is scam with looking how bitcoinnect working system and I not interested with my friend ask me to join bitconnect.

boltz

legendary

Activity: 3346

Merit: 1203

I told to all my friends not to buy bitconnect and don't even try to think to spread the word about it until one day when I met with an old friend and he happily told me that his aunt just bought bitconnect from a guy who went at her job and spoke about the "miracle bitconnect" can't you believe how far went some guys for some $ ? So I told him it was a scam and his aunt should sell it asap but after a week we met again at this house alongside other old friends when some of them start to laugh at those who invested into bitconnect by playing youtube videos ...I can't tell you how bad the drama was after that laugh but I can tell you it was funny and sad both times...so yea I think we all got a friend or a family member who got scammed by bitconnect and it was another coin who circled in Romania with guys going on streets and jobs to promote a coin but I forgot the name ..bitleu or something similar Grin

. Anyway those money are not traceable anymore , no wonder why Bitconnect is the biggest scam of the cryptocurrencies and I do hope they will get caught one day alongside BigVern of cryptsy as there I had some coins too Sad

Questat

hero member

Activity: 2982

Merit: 610

Quote from: lotfiuser on October 16, 2019, 04:17:32 PM

that was the biggest scam in crypto history I think there was an investigation on Reddit or bitcointalk you have to search for the right place but i don't know what you gonna do with your investigation I think it will be just a wast of time

I think this one is the biggest. An alleged cryptocurrency exit scam swindled $2.9B, but main suspects still on the run

bitconnect is reportedly to have scammed 2.6 billion usd only (https://totalcrypto.io/bitconnect-scam/)

btc_barry

newbie

Activity: 11

Merit: 0

Quote from: TravelMug on October 11, 2019, 03:27:19 AM

As far as I can remember, Bitconnect members are given a different bitcoin addresses to deposit their funds to it's going to be very difficult to track everything.

Anyways, I dig one address here,

Quote from: hussain001 on December 13, 2017, 04:37:10 AM

I face the same issue. I sent 0.066 BTC to bitconnect bitcoin wallet. Still i didn't receive it in my bitconnect account. I hve confirmed the btc adress.
Can any one help me on tht. Following is the blockchain confirmation.
https://blockchain.info/address/1KSgWKRb2CCn4im5UzsoE3DDd28UpMr3A9

Goodluck to your investigations!!!

Way to sleuth out that address. Thanks!

lotfiuser

sr. member

Activity: 1251

Merit: 295

Palestine

that was the biggest scam in crypto history I think there was an investigation on Reddit or bitcointalk you have to search for the right place but i don't know what you gonna do with your investigation I think it will be just a wast of time

btc_barry

newbie

Activity: 11

Merit: 0

ICO deposit addresses? Anybody??

danherbias07

legendary

Activity: 3318

Merit: 1133

Leading Crypto Sports Betting & Casino Platform

Quote from: Questat on October 11, 2019, 04:47:27 AM

This is being investigated and in fact bitconnect founder was already arrested and in jail now.
https://bitcoindata.org/bitconnect-coin-owner-gets-arrested/

it's the job of the investigators now on how to trace the money, but I am sure these scammers are also smart, they have a back up plan for everything.
The founder is in jail now but he is not doing it alone, there are people behind him or part of the team who are enjoy some of the money now.

Here is the good news and including the bad news.

There are still people from bitconnect roaming around freely and might be selling some of that coins already.
About the address though, you will really need a lot of time to do that and as I see it there will just be a few that you find.
Most of them are given an address to where they will deposit money. After that there will be no traces back.
Now, if you can hack their system you will find the deposit address and see who sent the coins there.

But how the hell are you going to do that?

Aabcde

sr. member

Activity: 1050

Merit: 256

It is very difficult to track down who is the wallet user even though we know the person's name. But there is no strong evidence of ownership. If he sells his bitcoin on an exchange that needs KYC, it can definitely be tracked. But is that stupid the founder of bitconnect. I think he would be more careful in washing the money. Which in the end led to a fruitless investigation.

coin-investor

hero member

Activity: 2996

Merit: 598

Leading Crypto Sports Betting & Casino Platform

Quote from: Teraboy on October 14, 2019, 06:04:06 PM

Quote from: Questat on October 11, 2019, 04:47:27 AM

This is being investigated and in fact bitconnect founder was already arrested and in jail now.
https://bitcoindata.org/bitconnect-coin-owner-gets-arrested/

it's the job of the investigators now on how to trace the money, but I am sure these scammers are also smart, they have a back up plan for everything.
The founder is in jail now but he is not doing it alone, there are people behind him or part of the team who are enjoy some of the money now.

But those were also enjoying the money is not yet jailed, as far as i know bitconnect team members were also coming from the china and i never seen any update regarding it from the china authority to investigate shitconnect on china.
The founder is who already arrested but shitconnect ceremonial in youtube said if there was a lot of members.

Thye have so many affiliations in so many countries they have chapters on countries, here in our country they have a chapter and other leaders visited us I have often seen it in their Facebook feed because some of them are my Facebook friends and some of them have learned their lesson, it's a bad lesson to learn and hopefully it will be the last Ponzi scheme in this community.

btc_barry

newbie

Activity: 11

Merit: 0

Quote from: rachmat5893 on October 14, 2019, 06:37:51 PM

That can't make a return because even novice investors are wiser now, they know what happened to Bitconenct and they won't give it a chance to come back again, this is the biggest fraud in cryptocurrency that has been marked and that will make it very difficult. Maybe now people will not give them the opportunity to collect funds easily.

Agreed, hopefully crypto investors from last wave 2017 will have learned their lesson. But the next bull run will bring in new retail investors that are just as uneducated as we were in 2017. I hope to show them how to detect a scam.

With financial freedom comes financial responsibility

rachmat5893

jr. member

Activity: 182

Merit: 2

That can't make a return because even novice investors are wiser now, they know what happened to Bitconenct and they won't give it a chance to come back again, this is the biggest fraud in cryptocurrency that has been marked and that will make it very difficult. Maybe now people will not give them the opportunity to collect funds easily.

Teraboy

hero member

Activity: 2282

Merit: 505

Quote from: Questat on October 11, 2019, 04:47:27 AM

This is being investigated and in fact bitconnect founder was already arrested and in jail now.
https://bitcoindata.org/bitconnect-coin-owner-gets-arrested/

it's the job of the investigators now on how to trace the money, but I am sure these scammers are also smart, they have a back up plan for everything.
The founder is in jail now but he is not doing it alone, there are people behind him or part of the team who are enjoy some of the money now.

But those were also enjoying the money is not yet jailed, as far as i know bitconnect team members were also coming from the china and i never seen any update regarding it from the china authority to investigate shitconnect on china.
The founder is who already arrested but shitconnect ceremonial in youtube said if there was a lot of members.

btc_barry

newbie

Activity: 11

Merit: 0

Quote from: Vitamin_52 on October 11, 2019, 12:09:59 AM

even if you trace the address of the receipt of the funds, what can you do about it? nothing can be proved, this is cryptography, wallets are not registered to anyone, anyone created and use

Exchange addresses are usually tagged by block explorers. If we can show that bitconnect insiders send BTC to a particular exchange, law enforcement can demand that exchange disclose relevant KYC info. The scammers have to "cash out" somehow

Also with the addresses we can analyze their behavior to help identify and prevent future scams

VDraci

member

Activity: 560

Merit: 28

SAPG Pre-Sale Live on Uniswap!

Instead of wasting your time and energy on bitconnect scam that FBI gives zero results on why can't you focus on recent scam projects if you have the skill or you think you can pin scammers down, help people fish out scammers thats giving crypto bad influence from those who aren't into the technology yet

magneto

hero member

Activity: 1666

Merit: 753

Quote from: btc_barry on October 10, 2019, 06:19:26 PM

I am researching scams such as bitconnect and the controversy around it.

For starters, I want to dig deeper into the ICO and "follow the money". Where is that 1500 BTC anyways?? I'm tracing the Bitcoin blockchain to see if I can find the source of funds.

Would you be willing to track down the address that bitconnect gave you to invest in their ICO? Or any other address you can identify as belonging to bitconnect? This would help my research a ton, and your assistance can be credited in my report. Hopefully, we can expose bitconnect for misleading investors and prevent future investors from making the same mistakes as you and me. PM me if you're willing to help out!

Thanks so much,
BTCarry

Don't see much of a point for doing this. So what if you find where the funds ended up? The funds would have likely been through the hands of many completely irrelevant people to the investigation anyway and diluted down.

I think it's a much better idea to track the progress of the class action lawsuits filed against BCC and their affiliates, including Trevon James, Cryptonick, etc. And even that has not been gaining much steam at all.

Consider your funds gone if you did invest, because there will likely never be a reimbursement. An expensive lesson, but necessary.

watergold

sr. member

Activity: 1218

Merit: 251

Quote from: Doranile432 on October 11, 2019, 04:42:52 AM

Quote from: smyslov on October 11, 2019, 04:39:42 AM

If I remember FBI has done an investigation and Indian authorities already arrested some country manager of Bitconnectcoin, the best way to start an investigation is to check FBI files since they have all the leads and the resources to pin all the admins of this project, get an update, you are two years late on the investigation, it just open wounds here and I don't think addresses is a good tool to track them, these managers held meetings and webinar they are all already traced they even visited countries to promote Bitconnectcoin..

Thanks for this better explanation about bitconnect, even FBI failed to crack the case and pin down the kingpin himself, i am still surprised why the investigation stopped and we stop hearing any updates about the scam investigation.

Maybe the lack of evidence so that the FBI investigation is stopped until now who is behind the Bitcoinnect perpetrators is still a question mark?
And I have never seen a case like this ICO fraud, HYIP IEO, which was caught because it is difficult to investigate because of its anonymous nature.

Questat

hero member

Activity: 2982

Merit: 610

This is being investigated and in fact bitconnect founder was already arrested and in jail now.
https://bitcoindata.org/bitconnect-coin-owner-gets-arrested/

it's the job of the investigators now on how to trace the money, but I am sure these scammers are also smart, they have a back up plan for everything.
The founder is in jail now but he is not doing it alone, there are people behind him or part of the team who are enjoy some of the money now.

Doranile432

member

Activity: 476

Merit: 22

Quote from: smyslov on October 11, 2019, 04:39:42 AM

If I remember FBI has done an investigation and Indian authorities already arrested some country manager of Bitconnectcoin, the best way to start an investigation is to check FBI files since they have all the leads and the resources to pin all the admins of this project, get an update, you are two years late on the investigation, it just open wounds here and I don't think addresses is a good tool to track them, these managers held meetings and webinar they are all already traced they even visited countries to promote Bitconnectcoin..

Thanks for this better explanation about bitconnect, even FBI failed to crack the case and pin down the kingpin himself, i am still surprised why the investigation stopped and we stop hearing any updates about the scam investigation.

smyslov

sr. member

Activity: 2030

Merit: 269

If I remember FBI has done an investigation and Indian authorities already arrested some country manager of Bitconnectcoin, the best way to start an investigation is to check FBI files since they have all the leads and the resources to pin all the admins of this project, get an update, you are two years late on the investigation, it just open wounds here and I don't think addresses is a good tool to track them, these managers held meetings and webinar they are all already traced they even visited countries to promote Bitconnectcoin..

Topic: Bitconnect Investigation (Read 284 times)