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❕NEWS U.S. DOJ sells seized crypto to compensate BitConnect victims

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L

LutherKing

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The us doj has seized more than $78 million aud from the bitconnect ponzi scheme

Now the funds will be returned to the victims

The funds will be returned after calculation keeping in mind the price of bitcoin in 2017

The Australian authority also banned bitconnect in 2018

The owner faces civil procedures and is due for charges against him now
 
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Bitcoin's price last 2017 is really far to its price now though, I prefer to get my bitcoin whole rather than the authority selling it to fiat and giving me the fiat at the same price of 2017, The government could get tons of profit just from it, unless it is the other way around where the seize assets is already fiat? in that case it is reverse
 
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Glad the funds would be returned back , because I am quite sure that lot of people invested in the project with their life savings and they made so much amount of loss ,so it's good if the funds are been returned back ,so that things could be back to normal in the way it's been going
 
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The U.S. Department of Justice has begun selling seized cryptocurrency to compensate victims of the BitConnect scheme. This initiative aims to return lost funds to those affected by the fraudulent investment platform, demonstrating a commitment to justice and restitution.
 
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