SEC suspends payments with BitConnect promoters | Cryptocurrency Nerws
SEC suspends payments with BitConnect promoter in the millions.
The US Securities and Exchange Commission has closed deals with four US residents accused of promoting Bitconnect’s multi-billion dollar cryptocurrency Ponzi program. According to Law360, the terms of the settlement are awaiting final approval from Judge John Koeltl, who stated that while the terms of the agreement are legal, minor corrections need to be made to ensure they are correct.
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