The $722 Million BitClub Case Is Suddenly Headed for Dismissal

By Isaac • July 11, 2026 1:19 pm •

One of the longest-running criminal cases tied to a cryptocurrency mining scheme may end just months before a jury was scheduled to hear it.

Justice Department leaders reportedly plan to dismiss the prosecution of Matthew Goettsche, the man federal prosecutors accused of creating and operating BitClub Network.

The government says the alleged scheme collected at least $722 million from investors. Goettsche has not been convicted, and the reported dismissal has not yet been entered by the court.

The US Justice Department is preparing to drop charges with prejudice against Matthew Goettsche, the alleged mastermind behind BitClub Network, a cryptocurrency mining scheme prosecutors said defrauded investors of $722 million.

Goettsche was indicted in 2019 on wire