Cryptocurrency
Tweet thread by dcsilver
Primary Source ↗Blockchain(s)
Bitcoin
Incident Details
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.
Technical Details
- Initial Attack Vector
- Ponzi / pyramid scheme
- Vendor / Product
- Bitconnect lawsuit continues
Timeline
- 2022-02-18 Breach occurred
- 2022-02-18 Publicly disclosed