📢 Aussie man, John Louis Anthony Bigatton, has admitted to being the national promoter for the infamous Bitconnect, a crypto exchange that went belly up in 2018, accused of defrauding victims of over $2.4 billion. ASIC, the Aussie watchdog, says Bigatton was giving financial advice without a license. Bitconnect's lending platform was a classic Ponzi scheme, promising high returns for investors who couldn't withdraw their money until the lending period ended. Bigatton's sentencing is set for July 5. Meanwhile, victims of the Bitconnect scheme are set to receive a share of a $17 million restitution. So, a bit of justice served, crypto style! 💼👨⚖️