The Sydney District Court has found John Bigatton, the prominent promoter of failed crypto exchange Bitconnect, guilty of providing unlicensed financial advice.
- ASIC stated that Bigatton promoted Bitconnect through seminars and social media in 2017-2018.
- He did not have a financial services license, which led to his disqualification for 5 years.
- Bitconnect offered a token that could be exchanged for bitcoins.
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