BitConnect Victims Urged to Help Along FBI’s Case Against Former Exchange’s BCC Token
In a new report from The Block, the Federal Bureau of Investigation (FBI), Cleveland Division, recently published a request to the public, looking for “potential victims who invested in the cryptocurrency BitConnect coin.”
Back in 2018 at the beginning of the year, two securities regulators at a state level had issued warning to the public regarding the “Ponzi-type nature” of BitConnect.
Subsequently, BitConnect ended up shutting down the platform.
BitConnect first released their BCC coin in an initial coin offering in November 2016. However, the January 2018 shutdown made the BitConnect coins worth almost nothing, even though the month before the annoucement showed a $2.5 billion market cap for BCC. At the time, the company had claimed that investors would see a 10% return on their invested crypto each month.
This return followed a system with several tiers, determining how much the user would get in their return by the initial deposit that they were willing to contribute.
Now, if the former investors are willing to contribute to the case, the FBI is requesting some information from them, which is collected through filling out a questionnaire at https://www.fbi.gov/resources/victim-services/seeking-victim-information/seeking-victims-in-bitconnect-investigation.
The participation in the questionnaire is not mandatory, but the response:
“would be useful in the federal assessment of this matter and to identify you as a BCC investor and/or potential victim.”
Though there is no guarantee that someone from the FBI will need further details, the responses given may elicit requests for more information to build the case.