BitClub Programmer Confirms Pool Mining Ponzi Scheme Stole $722 Million in Bitcoin

07月
10
2020-7-10 03:58
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According to a July 10 Coindesk report, Bitclub Network programmer Silviu Catalin Balaci confirmed on Thursday that he was involved in planning the Ponzi scheme. Lawyers are accused of stealing $722 million in bitcoins over five years from a mining pool. In response, Balaci acknowledged that BitClub had caused financial damage. If convicted, Balaci faces up to five years in prison and a $250,000 fine.

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BitClub programmer claims mining program stole $722 million worth of Bitcoin
According to a July 10 Coindesk report, the 35-year-old Romanian Bitclub network programmer confirmed on Thursday that he was involved in the development of the Ponzi mining scheme that tricked investors into trading hundreds of millions of dollars to Bitcoin. Miner Silviu Catalin Balaci admitted in his defense that BitClub caused financial damage, and lawyers allege the mining pool stole $722 million in Bitcoin over five years.
2020-7-10 03:58

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