^ It is really a nice shot for the Australian government because they have shown to everyone that their law and jurisdiction also covers the cryptocurrency world. On the news regarding Bigatton, this will definitely threaten other crypto scammers that in no time they will still be accountable for all fraudulent activities that they made in the past which could possibly lead them into jail as well.
I'm expecting Australian, similar to the US to be tougher for crypto or cyber threat criminals. They are really very active in that region so I would say that I'm not surprised that they put a heavy jail term and penalty for this guy. And since they embrace crypto already in 2017, they really have to send message not to mess with them or at least for Australian citizen to stay away from scamming crypto investors.
BitConnect now there goes a name we dont hear about too often. They will always forever go down in Crypto history as biggest scam ever.
This man got what he deserved. Those penalties of 10 years and AU$945,000 are not to take lightly. I still cannot believe that BitConnect was worth $2.5b just 3 years ago.
True, the biggest scams ever, and even if this community has been calling out Bitconnect as a scam that will fall down, not sure if someone listens. Any way, we have learn our lessons for the Bitconnect scandal and everyone involved should get what they deserved for pulling out the biggest scams in crypto.