Online crypto lender sued for fraud, US regulator reports by CoinQuora


Online crypto lender sued for fraud, US regulator reports

  • The SEC sued an online crypto lending platform for fraud.
  • The platform allegedly defrauded investors of $ 2 billion.
  • The SEC claims that this money came from a bogus and unregistered “loan program”.

As recently as today, the U.S. SEC sued online crypto lending platform BitConnect for allegedly defrauding a total of $ 2 billion. Its founder, Satish Kumbhani, its main American promoter, Glenn Arcaro, and his affiliate are convicted of this crime.

Continue reading on CoinQuora

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