Security Incident · Exchange
BitClub Ponzi: $722.00M Reported Loss
From April 2014 to December 2019, the BitClub network was a fraudulent scheme that solicited funds from investors in exchange for stakes in so-called cryptocurrency mining pools and rewarded their investments, according to an announcement issued by the U.S.
- Reported loss
- $ 722,000,000
- Attack category
- Ponzi
Incident Overview
Attorney's Office in New Jersey. to recruit new investors into the program. Over the five-year period of the program, BitClub defrauded investors of at least $722 million in bitcoin.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.