According to the press release of the US Department of Justice, the US government will sell the $ 56 million BitConnect obtained through ponzi to the defrauded people.
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The largest amount of money confiscated in a crypto-related fraud case is currently in the custody of the authorities.
Persons affected by fraud will be able to submit a victim statement.
Glenn Arcaro, the number one organizer and co-founder of BitConnect, admitted to the scam.
Arcaro is expected to serve 20 years in prison. Ceasi will be seen on January 7, 2022.