BitClub

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BitClub Promoter Pleads Guilty for Role in $722M Fraudulent Mining Scheme
Fifty-year-old Joseph Abel pleaded guilty to securities and tax related offenses.
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Balaci’s testimony indicates that BitClub never ran the lucrative bitcoin mining pools it lured victim investors with. (Shutterstock)
BitClub Programmer Admits Mining Scheme Stole $722M in Bitcoin
The Romanian programmer pleaded guilty to wire fraud and the offering and sale of unregistered securities.
Balaci’s testimony indicates that BitClub never ran the lucrative bitcoin mining pools it lured victim investors with. (Shutterstock)

US correctional facility. Credit: Shutterstock/oseph Sohm
Alleged Architects of $720M BitClub Ponzi Request Jail Release Over Coronavirus Risk
The accused scammers argue they are unable to follow medical advice in an enclosed jail environment.
US correctional facility. Credit: Shutterstock/oseph Sohm

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US Arrests 3 in Alleged Crypto Mining Pool Fraud Scheme
U.S. authorities have arrested three members of BitClub Network, alleging the mining pool is a long-running Ponzi scheme.
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