Appeals court allows legal claim to continue against online promoters of Bitconnect
An appeals court found that a legal claim could continue to be pursued against some of the major voices that promoted Bitconnect online. Bitconnect was a Ponzi scheme that collapsed in early 2018, defrauding investors of $2 billion. This claim, should it succeed, could set a frightening precedent for those irresponsibly hyping cryptocurrency schemes in online videos and other promotions.