SEC suspends payments with BitConnect promoters

SEC suspends payments with BitConnect promoter in the hundreds of thousands.

The US Securities and Exchange Commission has closed bargains with 4 US residents accused of selling Bitconnect’s multi-billion dollar cryptocurrency Ponzi plan. According to Law360, the terms of the settlement are awaiting last approval from Judge John Koeltl, who stated that even though the terms of the agreement are legal, small corrections have to have to be manufactured to make sure they are accurate.

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