Judgement day has come for BitConnect: The Southern District of Florida handed the shifty Bitcoin investment lending platform its first class action lawsuit yesterday, alleging the company swindled the plaintiffs for a sum exceeding $770,000. The case, brought by six former investors, names several BitConnect branches registered in the UK. More interestingly though, it also goes after local promoters who blatantly hyped the investment scheme on YouTube and other social media channels. Among others, the lawsuit lists BitConnect affiliate marketer Glenn Arcaro, who holds a director position in the company according to the British Companies House registrar. It also names…

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Source:: The Next Web – Technology

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