{"id":79969,"date":"2021-11-17T00:55:39","date_gmt":"2021-11-17T05:55:39","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=79969"},"modified":"2021-11-17T00:48:54","modified_gmt":"2021-11-17T05:48:54","slug":"u-s-to-sell-cryptocurrency-worth-56-million-after-record-seizure-in-bitconnect-fraud-case","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2021\/u-s-to-sell-cryptocurrency-worth-56-million-after-record-seizure-in-bitconnect-fraud-case.html","title":{"rendered":"U.S. to sell cryptocurrency worth $56 million after record seizure in BitConnect fraud case"},"content":{"rendered":"\n<p>(CNBC) The U.S. Justice Department will sell off $56 million worth of cryptocurrency it seized as part of a massive Ponzi scheme case <a rel=\"noreferrer noopener\" href=\"https:\/\/www.justice.gov\/usao-sdca\/pr\/director-and-promoter-bitconnect-pleads-guilty-global-2-billion-cryptocurrency-scheme\" target=\"_blank\">against a man who promoted<\/a> the offshore crypto lending program BitConnect, <a rel=\"noreferrer noopener\" href=\"https:\/\/www.justice.gov\/opa\/pr\/56-million-seized-cryptocurrency-being-sold-first-step-compensate-victims-bitconnect-fraud\" target=\"_blank\">authorities said Tuesday.<\/a> The Justice Department said the liquidation of the cryptocurrency follows \u201cthe largest single recovery of a cryptocurrency fraud by the United States to date.\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2021\/11\/16\/us-selling-seized-cryptocurrency-in-bitconnect-fraud-case.html\">To read this article:<\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) The U.S. Justice Department will sell off $56 million worth of cryptocurrency it seized as part of a massive Ponzi scheme case against a man who promoted the offshore crypto lending program BitConnect, authorities said Tuesday. The Justice Department [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-79969","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/79969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=79969"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/79969\/revisions"}],"predecessor-version":[{"id":79970,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/79969\/revisions\/79970"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=79969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=79969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=79969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}