Bitconnect promoter Glenn Arcaro pleads guilty over Ponzi scheme
BitConnect promoter Glenn Arcaro has admitted his involvement in the affair, although it is unclear where the company’s creator Satish Kumbhani is hiding out. Glenn Arcaro , a former director and promoter of the infamous Bitconnect Ponzi scheme, has entered a guilty plea to fraud charges stemming from his involvement with the now-defunct cryptocurrency exchange […]
BitConnect founder faces a lawsuit from the SEC
The U.S. Securities and Exchange Commission has sued the founder of BitConnect a well-known bitcoin Ponzi scheme that operated between 2016 and 2018, according to a new legal filing. BitConnect founder Satish Kumbhani, an Indian citizen whose current location is unknown, is the target of today’s SEC filing. It also goes after BitConnect promoter Glenn […]
Ripple files motion to reveal SEC employees’ XRP holdings
As part of its ongoing legal struggle with the Securities and Exchange Commission, Ripple has filed a motion to compel the securities regulator to reveal its internal cryptocurrency trading procedures. James Filan, an attorney who has been following the SEC’s lawsuit against Ripple closely, has published a new motion document that seeks to clarify whether […]
SEC reportedly contracts AnChain.AI analytics firm to monitor DeFi industry
According to reports, the US Securities and Exchange Commission has agreed to pay blockchain analytics firm AnChain.AI $125,000 to help monitor and regulate the decentralized finance industry. An AnChain.AI company spokesman confirmed the arrangement with the federal regulator to Forbes on Friday , adding the SEC and blockchain startup have the opportunity to sign up […]
XRP litigation update: Court grants Ripple and the SEC’s request for an extension
According to Judge Sarah Netburn, Ripple and the SEC were successful in their request to extend the time for expert discovery. It was initially brought to our attention by James K. Filan, who revealed that the court had also granted an extension for submitting pre-motion letters in connection with a summary judgment action. A deadline […]