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Where is Carlos Matos?
New York City
During the event, an investor named Carlos Matos from New York City gave an exuberant presentation and testimonial about the website, which included him intensely screaming “BITCONNECT!!” several times; the scene quickly became an Internet meme.
Who is Carlos Matos BitConnect?
In 2017, a New Yorker named Carlos Matos got onstage in Thailand to sing the praises of Bitconnect, the cryptocurrency company that had invited him there. While many have blamed Carlos for the scam, he says he was merely an enthusiastic investor who was wronged by Bitconnect.
How much money did BitConnect get away with?
Share All sharing options for: US government seizes $56 million in crypto from BitConnect’s ‘number one promoter’ The US government has seized $56 million worth of cryptocurrency from an admitted participant in the BitConnect scam and intends to sell the coins and use the proceeds to reimburse victims.
Who owned BitConnect?
The BitConnect scam is alleged to have swindled thousands of people in the U.S. and abroad out of more than $2 billion worth of bitcoin. The Securities and Exchange Commission in September sued BitConnect, its founder Satish Kumbhani and Glenn Arcaro, who was the lead promoter of BitConnect in the United States.
What is an exit scheme?
An exit scam is a fraudulent practice by unethical cryptocurrency promoters who vanish with investors’ money during or after an ICO. Due to the decentralized, anonymous, and regulation-free operations of the virtual currency ecosystem, it is difficult to trace scammers who dupe the investors.
Is BitConnect closed?
BitConnect closed its exchange in January 2018 after receiving two cease-and-desist letters from state authorities for the unauthorized sale of securities and suffering from denial-of-service attacks.
What is the story of BitConnect?
Bitconnect was an investment lending platform operating in the crypto sector, known for developing a classic Ponzi scheme. The company promised its investors significant returns, paying out existing loan interest with newly pledged loans.
Did BitConnect get sued?
The top U.S. securities regulator on Wednesday sued the founder of the now-defunct cryptocurrency exchange platform BitConnect over his alleged role in fraudulently raising about $2 billion from retail investors.
Where is BitConnect today?
The live BitConnect price today is $0.679889 USD with a 24-hour trading volume of not available. We update our BCC to USD price in real-time. BitConnect has no change in the last 24 hours. The current CoinMarketCap ranking is not available, with a live market cap of not available.
Who is bitconneeeeecct’s Carlos Matos?
You might recognise Carlos Matos from the famous meme in which he screams “Bitconneeeeecct” with plenty of gusto. Matos was an “investor” in the now-defunct Bitconnect Coin. Bitconnect was a cryptocurrency scam that went from obscure in 2016 at about US$ 0.17 to a high of $436 in 2017.
Why did Bitconnect delist BCC?
Other exchanges delisted BCC, but the damage had been done. Bitconnect cited excuses on bad press, the Texas State Securities Board Cease and Desist order and DDos (distributed denial of service) attacks, yet the truth was out in the open: scammers won.
What happened to the Bitconnect Ponzi scheme?
The charade collapsed when the law came calling. 2018 saw victims of the scam lose 30\%, then 90\% of their value to the insider cashouts with the closure of the Bitconnect exchange. The Ponzi scheme came full circle with its promoters and their aggressive propaganda disappearing from any reasonable trace.