Prison Prompt for $ 2.5 Billion Cryptocurrency Fraud

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In an incident in Australia, it was announced that a man named John Louis Anthony Bigatton was involved in a cryptocurrency fraud project accused of deceiving millions of investors. Bigatton, the focus of the accusations, was imprisoned for up to 10 years in the new development in the incident, which was followed by the Australian Securities and Investment Commission (ASIC).

There was a new development in the fraud incident in Australia using the crypto currency platform. The charges against John Louis Anthony Bigatton, written in the Australian press in 2019 and allegedly guilty, were found to be true. After the ponzi game played, it was announced that 2.5 billion dollars was obtained, and Bigatton was asked for a prison sentence of up to 10 years.

FBI involved in cryptocurrency fraud incident

In a statement made by ASIC and shared by a website, it was announced that Bigatton played the role of the national supporter of the cryptocurrency platform Bitconnect in Australia, which he chaired from August 2017 to January 2018. It was known that BitConnect, which ceased operations with investments at the beginning of 2018, had a market value of 2.5 billion at the time.

BitConnect ceased operations with investments in early 2018. ASIC announced that Bigatton operated an investment plan under the name of BitConnect Lending Platform before ending its platform activities. According to the details obtained, Bigatton organized seminars in various parts of Australia and provided unlicensed financial consultancy on behalf of another person.

While ASIC shared that the US Federal Bureau of Investigation (FBI) also helped them during the studies, it was announced that Bigatton has not made a defense yet. It is also among the details that the issue will be discussed in the court again in February 2021.

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Hacker who stole bitcoin refunded the amount

Interesting events do not occur in fraud events where crypto currencies are at the center. An Italian hacker named Conor Freeman, who was wanted for stealing $ 2 million worth of Bitcoin, returned the amount he stole. The 21-year-old hacker, who was arrested at his home in Ireland with the decision made by the US government in 2019, accepted the charges and handed 142.75682712 Bitcoin to the court. After the developments, it was learned that while Freeman was asked to be released on bail, the case was postponed.


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