Bitconnect Investigation

[btc_barry]

I am researching scams such as bitconnect and the controversy around it.

For starters, I want to dig deeper into the ICO and "follow the money". Where is that 1500 BTC anyways?? I'm tracing the Bitcoin blockchain to see if I can find the source of funds.

Would you be willing to track down the address that bitconnect gave you to invest in their ICO? Or any other address you can identify as belonging to bitconnect? This would help my research a ton, and your assistance can be credited in my report. Hopefully, we can expose bitconnect for misleading investors and prevent future investors from making the same mistakes as you and me. PM me if you're willing to help out!

Thanks so much,
BTCarry

[Vitamin_52]

even if you trace the address of the receipt of the funds, what can you do about it? nothing can be proved, this is cryptography, wallets are not registered to anyone, anyone created and use

[AltcoinsBattle]

The idea, of course, is a good one. If there is a large resource where all doubtful / confirmed addresses of all blockchains will be collected, this may come in handy in the future. In addition to the obvious scammercrafts, there are many hidden scammers who create projects with fake activity.
For readability, data should be structured. And this should be constantly updated. This is a lot of work. And perhaps pointless in the long run. Knowing such a base, scammers will always create new addresses for their affairs.

[Ailmand]

During bitconnect's hype t also got my attention but never  came into my mind to invest on it. I saw a lot of videos and even streamers in youtube promoting bitconnect and their earnings on it, but sadly after the controversy a lot of people were devastated because some had put all they have into the scheme and go completely bankrupt. I also so this one guy creating a video crying over since he had put all his penny on bitconnect. Sadly, this is cryptocurrency and it would be a lot of effort, time and money to get down to the root and investigate where and to whom did the money go. Only a few culprits in crypto got caught doing fraudelent acts and scam but as I mentioned it took a lot of time and money to get to that point.

[Coin_trader]

even if you trace the address of the receipt of the funds, what can you do about it? nothing can be proved, this is cryptography, wallets are not registered to anyone, anyone created and use

He is trying to locate the current wallet address where the funds held. It's possible to detect it if ever carlos is a fool that will used the exchange to trade his BTC because in that case. The authority can ask the exchange for the data of that user such as what and where the funds withdrawn.

There is only one problem with this kind of investigation which I agree with you that this is nonsense in the long run. If carlos use bitcoin mixer service. In that case, there is no fckn solution to find that bitcoins.

FYI, Carlos Matos is the Founder of bitconnect. 

[jmigdlc99]

I am researching scams such as bitconnect and the controversy around it.

For starters, I want to dig deeper into the ICO and "follow the money". Where is that 1500 BTC anyways?? I'm tracing the Bitcoin blockchain to see if I can find the source of funds.

Would you be willing to track down the address that bitconnect gave you to invest in their ICO? Or any other address you can identify as belonging to bitconnect? This would help my research a ton, and your assistance can be credited in my report. Hopefully, we can expose bitconnect for misleading investors and prevent future investors from making the same mistakes as you and me. PM me if you're willing to help out!

Thanks so much,
BTCarry

I feel bad and sorry for your loss but unfortunately many others like you have already tried to chase Bitconnect. Based on the news the company has already run away with the money and you'll be hard pressed to recover anything left.

If i were you i'd accept the loss and be a more careful investor next time around.

[joseyphil82]

I am researching scams such as bitconnect and the controversy around it.

For starters, I want to dig deeper into the ICO and "follow the money". Where is that 1500 BTC anyways?? I'm tracing the Bitcoin blockchain to see if I can find the source of funds.

Would you be willing to track down the address that bitconnect gave you to invest in their ICO? Or any other address you can identify as belonging to bitconnect? This would help my research a ton, and your assistance can be credited in my report. Hopefully, we can expose bitconnect for misleading investors and prevent future investors from making the same mistakes as you and me. PM me if you're willing to help out!

Thanks so much,
BTCarry

We all know who the founder of bitconnect was so why don't you hunt him down instead of trying to track down bitcoin address? there is no way you will come up with anything pertaining the stolen bitcoin this way

[crairezx20]

If your plan is tracking or tracing the BTC I think you can't easily tracing them because there are tools where you can mix your BTC so if the owner decided to use a mixer you can't track it anymore.

About bitconnect if you want to know more about it better check their official thread there are many posts there that I think may help for your investigation.
You can find their thread here https://bitcointalk.org/index.php?topic=1681719.0

[Strongkored]

If i'm not mistaken the case has been almost 2 year passed, a lot get scammed, I only see from the posts of friends on FB, from the beginning I thought that this is would lead to scam and finally it happened.
Why after a few years have passed, and now it has begun to conduct investigations, it might be difficult to trace it because they might have lost all the evidence that lead to them.

[Bitbtc8]

I am researching scams such as bitconnect and the controversy around it.

For starters, I want to dig deeper into the ICO and "follow the money". Where is that 1500 BTC anyways?? I'm tracing the Bitcoin blockchain to see if I can find the source of funds.

Would you be willing to track down the address that bitconnect gave you to invest in their ICO? Or any other address you can identify as belonging to bitconnect? This would help my research a ton, and your assistance can be credited in my report. Hopefully, we can expose bitconnect for misleading investors and prevent future investors from making the same mistakes as you and me. PM me if you're willing to help out!

Thanks so much,
BTCarry

Its been over two years now since bitconnect scam and many did fall victim but at that time i knew it was scam because of its rewards, to me it more like a HYIP investment, im glad i think straight that year but i heard the case was under investigation since then but till date we heard nothing, you are just going to waste your precious time, its all in the past

[NathanJB]

I am researching scams such as bitconnect and the controversy around it.

For starters, I want to dig deeper into the ICO and "follow the money". Where is that 1500 BTC anyways?? I'm tracing the Bitcoin blockchain to see if I can find the source of funds.

Would you be willing to track down the address that bitconnect gave you to invest in their ICO? Or any other address you can identify as belonging to bitconnect? This would help my research a ton, and your assistance can be credited in my report. Hopefully, we can expose bitconnect for misleading investors and prevent future investors from making the same mistakes as you and me. PM me if you're willing to help out!

Thanks so much,
BTCarry

I can only wish you the best, mate. This scam has already been written in the history of cryptocurrency. And frankly speaking, I cannot see where this initiative of yours will end. If this is a personal effort, I doubt you will get the necessary info here to end up with something significant. "Follow the money" is going to be unimaginably hard because everything can shift to another coin in crypto and it means it is already lost in track.

[TravelMug]

As far as I can remember, Bitconnect members are given a different bitcoin addresses to deposit their funds to it's going to be very difficult to track everything.

Anyways, I dig one address here,

I face the same issue. I sent 0.066 BTC to bitconnect bitcoin wallet. Still i didn't receive it in my bitconnect account. I hve confirmed the btc adress.
Can any one help me on tht. Following is the blockchain confirmation.
https://blockchain.info/address/1KSgWKRb2CCn4im5UzsoE3DDd28UpMr3A9

Goodluck to your investigations!!!

[Stanlo]

Do you know why the government hates privacy coins? lets say this is one of the reasons, untraceable, scammers aren't that stupid and bitconnect scam was huge so the only way to gettaway with that money is swap to other coins like privacy coins, from monero to dash and to Mask etc

[Yaunfitda]

even if you trace the address of the receipt of the funds, what can you do about it? nothing can be proved, this is cryptography, wallets are not registered to anyone, anyone created and use

He is trying to locate the current wallet address where the funds held. It's possible to detect it if ever carlos is a fool that will used the exchange to trade his BTC because in that case. The authority can ask the exchange for the data of that user such as what and where the funds withdrawn.

There is only one problem with this kind of investigation which I agree with you that this is nonsense in the long run. If carlos use bitcoin mixer service. In that case, there is no fckn solution to find that bitcoins.

FYI, Carlos Matos is the Founder of bitconnect. 

On the contrary, I was lead to believed that the bad actors from behind are using the funds to laundered so they maybe using mixers and tumblers to hide everything and they could have been using privacy coins for all we know.

I laud the OP's effort for tracking everything but it will be a very difficult task and it's going to be hard those who feel victims to this scam because there's a lot of them. Even if youtube, you will find thousands of them promoting this as an affiliate.

[Rodeo02]

As far as I can remember, Bitconnect members are given a different bitcoin addresses to deposit their funds to it's going to be very difficult to track everything.

Anyways, I dig one address here,

I face the same issue. I sent 0.066 BTC to bitconnect bitcoin wallet. Still i didn't receive it in my bitconnect account. I hve confirmed the btc adress.
Can any one help me on tht. Following is the blockchain confirmation.
https://blockchain.info/address/1KSgWKRb2CCn4im5UzsoE3DDd28UpMr3A9

Goodluck to your investigations!!!

The following address you given transfer the funds to another address and that address recieve morethan 2000 BTC balance. The question is if this is the main wallet address of bitconnect?

On the contrary, I was lead to believed that the bad actors from behind are using the funds to laundered so they maybe using mixers and tumblers to hide everything and they could have been using privacy coins for all we know.

This might be true, if they use mixer it is imposibble to track where the funds is right  now.

And if you will continue investigating the address you will see that the balance is send into many different address.

[Stanlo]

This is the biggest scam in crypto history so many are aware of it and till date there are still many new projects identical to bitconnect, its a big shame that till date its misery case has not been solved upon all the news about the ongoing investigation at that time, i think there are some dark forces in the shadow we can't see in not why no one apprehend the project ceo till date?

[smyslov]

If I remember FBI has done an investigation and Indian authorities already arrested some country manager of Bitconnectcoin, the best way to start an investigation is to check FBI files since they have all the leads and the resources to pin all the admins of this project, get an update, you are two years late on the investigation, it just open wounds here and I don't think addresses is a good tool to track them, these managers held meetings and webinar they are all already traced they even visited countries to promote Bitconnectcoin..

[Doranile432]

If I remember FBI has done an investigation and Indian authorities already arrested some country manager of Bitconnectcoin, the best way to start an investigation is to check FBI files since they have all the leads and the resources to pin all the admins of this project, get an update, you are two years late on the investigation, it just open wounds here and I don't think addresses is a good tool to track them, these managers held meetings and webinar they are all already traced they even visited countries to promote Bitconnectcoin..

Thanks for this better explanation about bitconnect, even FBI failed to crack the case and pin down the kingpin himself, i am still surprised why the investigation stopped and we stop hearing any updates about the scam investigation.

[Questat]

This is being investigated and in fact bitconnect founder was already arrested and in jail now.
https://bitcoindata.org/bitconnect-coin-owner-gets-arrested/

it's the job of the investigators now on how to trace the money, but I am sure these scammers are also smart, they have a back up plan for everything.
The founder is in jail now but he is not doing it alone, there are people behind him or part of the team who are enjoy some of the money now.

[watergold]

If I remember FBI has done an investigation and Indian authorities already arrested some country manager of Bitconnectcoin, the best way to start an investigation is to check FBI files since they have all the leads and the resources to pin all the admins of this project, get an update, you are two years late on the investigation, it just open wounds here and I don't think addresses is a good tool to track them, these managers held meetings and webinar they are all already traced they even visited countries to promote Bitconnectcoin..

Thanks for this better explanation about bitconnect, even FBI failed to crack the case and pin down the kingpin himself, i am still surprised why the investigation stopped and we stop hearing any updates about the scam investigation.

Maybe the lack of evidence so that the FBI investigation is stopped until now who is behind the Bitcoinnect perpetrators is still a question mark?
And I have never seen a case like this ICO fraud, HYIP IEO, which was caught because it is difficult to investigate because of its anonymous nature.