Top US authorities requested a US judge to liquidate nearly $56 million worth of digital assets seized from BitConnect’s promoter — who orchestrated one of the biggest cryptocurrency schemes in the US. The judge agreed to the request.
Last week, the US Attorney’s Office for the Southern District of California and US Justice Department both requested US District Judge Todd W. Robinson to confiscate proceeds from Glenn Arcaro — a US-based promoter for BitConnect accused of masterminding one of the biggest scams ever involving cryptocurrencies.