After the wife of John Bigatton, a well-known Australian promoter of the now-defunct BitConnect Coin (BCC) project and an alleged Ponzi scheme, reportedly died by suicide, multiple theories have arisen as to whether this was necessarily true because her body was never found.
Indeed, the current theories floating among the family, as well as BitConnect victims, suggest that Madeline Bigatton, who vanished off the cliffs of Australia, could’ve been murdered by her husband or even that the couple might’ve faked Madeline’s death, according to a CoinDesk podcast ‘Crypto Crooks‘ streamed on January 17.
What went on with BitConnect?
As a reminder, the BitConnect Coin was among the world’s top 20 most successful cryptocurrencies, often mentioned in the same breath as Bitcoin (BTC) and Ethereum (ETH) and John Bigatton was one of its major promoters.
However, as authorities started asking questions and traders lost confidence, the price of BCC toppled and BitConnect’s creators jumped ship, leaving investors high and dry with billions of dollars in cumulative losses, while its promoters faced enormous victims’ backlash and legal action.
In May 2021, Finbold reported on the United States Securities and Exchange Commission (SEC) charging five individuals for promoting BitConnect, alleging they offered and sold unregistered securities as required by the federal securities laws.
Later in 2021, the U.S. Department of Justice (DOJ) and the U.S. Attorney’s Office for…
