The Australian head of BitConnect suspected of involvement in the largest in the history of crypto

It became known that the Australian authorities have frozen the assets of BitConnect promoter John Button-this step was made as part of the ongoing investigation into the case of the largest possible fraudulent scheme in the history of crypto-currencies.

At the request of the Australian investment and securities Commission (SEC), the Federal court also banned Bigatton from leaving Australia, as reported by the Sydney Morning Herald.

Bigatton is the Director and shareholder of BitConnect International, a UK registered company, and an official representative of BitConnect Australia.

In addition, the Federal court has frozen the assets of the company, which is allegedly associated with Biathlon, JB's Investment Management. Bigatton's wife, who has been on the run since March and is wanted by the police, is the sole Director and shareholder of JB's Investment Management. Mrs. button disappeared at the same time as the BitConnect investigation began.

Recall that BitConnect was a cryptocurrency – as it later turned out, a fraudulent-project that entered the market through ICO at the end of December 2016; its BCC tokens have established themselves as one of the fastest growing cryptocurrencies in 2017.

According to CoinMarketCap, BCC capitalization in a relatively short time reached $2.6 billion, and the exchange rate for ATH was $460. The company, which had (as if) an effective cryptocurrency exchange and actively advertised itself, guaranteed investors initial monthly profits of 40%, and their further growth.

However, in January 2018, the company unexpectedly announced the closure of the exchange and the lending program. Investors began to EN masse to sue. Subsequently, the claims were combined into one, group, and in June, the court ruled.

Investigating BitConnect continues to deal with the FBI. Although now in the US there are courts in connection with BitConnect, local media reported that while the name of Bigatton is not in the materials of these court cases.

In August last year, the head of the Indian branch of BitConnect Divesh Darjee was arrested at the airport in new Delhi.

By October of last year in the documents of the investigation BitConnect appeared 40 accused, including promoter of the popular YouTube Trevon James.