The U.S. Securities and Exchange Commission has sued the founder of BitConnect for his involvement in the $2 billion cryptocurrency scam that shocked…

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This story originally appeared on be[IN]crypto

The U.S. Securities and Exchange Commission has sued the founder of BitConnect for his involvement in the $2 billion cryptocurrency scam that shocked the crypto world.

According to a press release issued by the agency, the United States Securities and Exchange Commission (SEC) has filed a civil lawsuit against BitConnect founder Satish Kumbhani. The regulatory authority called BitConnect “a global fraudulent and unregistered offering of investments into a program involving digital…

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