DOJ to Sell $56M in Crypto Proceeds From BitConnect Fraud Scam

DOJ to Sell $56M in Crypto Proceeds From BitConnect Fraud Scam


A U.S. federal judge is allowing the U.S. Department of Justice to liquidate approximately $56 million in proceeds seized from Glenn Arcaro, the lead promoter of BitConnect, a crypto lending program that defrauded thousands of investors out of an estimated $2 billion.

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