BitConnect Faces Class Action Lawsuits

The former cryptocurrency lending platform BitConnect has been hit with a series of class action lawsuits by users who claim to have had their money stolen by the disgraced company. Litigation began at the end of last month, after a group of six BitConnect investors filed a suit with a U.S. district court in West Palm Beach, Florida. The group is alleging that the BitConnect exchange platform was a “wide-reaching Ponzi scheme”, and is claiming to have lost $771,000 by