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BitConnect

avoid.net/bitconnect→0/100·97% conf.
[VERIFIED]

Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

anchored·32PkyR…a5Um

Summary

BitConnect was a cryptocurrency lending platform and exchange that operated from February 2016 until January 2018. It raised an estimated \$2.4 billion from investors worldwide through a fraudulent lending program that falsely claimed to use a proprietary volatility trading bot to generate daily returns of up to 1%. Subsequent U.S. federal investigations confirmed it operated as a classic Ponzi scheme; its founder Satish Kumbhani remains a fugitive as of 2025, while lead U.S. promoter Glenn Arcaro was sentenced to 38 months in federal prison.

Connected Entities

3 entities · 30 linked investigations
Organizations
□Satish Kumbhani0□Vitalik Buterin25□BitConnect
Relationships
  • Satish Kumbhani→mentioned with→BitConnect(80%)
  • BitConnect→mentioned with→Satish Kumbhani(80%)
  • BitConnect→mentioned with→Vitalik Buterin(80%)
  • Satish Kumbhani→mentioned with→Vitalik Buterin(80%)
Also appears in
Vitalik Buterin·25Shiba Inu (SHIB)·31Railgun·40JaredFromSubway.eth MEV Bot - Counter-Honeypot Exploit·10Worldcoin / World·32Polygon zkEVM·26ZKasino·3DavorCoin·2$TRUMP Memecoin — Presidential Conflict of Interest and Retail Losses·8MAP Protocol·18

Connected Through

3 shared actors · 30 investigations

Distinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.

Have evidence about BitConnect?

Timeline(12 events)

15 February 2016

BitConnect platform launches

Wikipedia

15 November 2016

ICO begins, 4.8M BCC tokens distributed over 46 days

SEC Complaint

December 2017

BCC reaches ATH ~\$463-\$525, market cap exceeds \$3.4B

CoinMarketCap

3 January 2018

Texas issues emergency cease-and-desist

Crypto.news

17 January 2018

Platform closes, BCC loses 92% of value

Wikipedia

18 August 2018

Divyesh Darji arrested in India

CoinDesk

September 2021

Arcaro pleads guilty; SEC files civil complaint

DOJ

25 February 2022

Kumbhani indicted on five federal counts

CoinDesk

March 2022

SEC confirms Kumbhani has disappeared from India

Fortune

16 September 2022

Arcaro sentenced to 38 months

Bloomberg

12 January 2023

\$17.6M restitution ordered for ~800 victims

CoinDesk

15 February 2025

India ED seizes \$190M in crypto from BitConnect

CoinDesk
Provenance & Audit Trail
Anchored on SolanaVerify on-chain14 Wayback Archives

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (4 events). 14 of 15 cited source URLs have an Internet Archive snapshot.

Fact-checked 2026-09-0930 claims checked1 correction pending0 applied⛓ anchoredSee findings →
full audit log →version history →

model: claude-sonnet-4-6

generated: 5/7/2026, 8:38:26 AM

last updated: 8/8/2026, 12:44:01 AM

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