Hack history / 2020 / Fraud
BitClub
Fraud on Jul 10, 2020 · Ponzi
IN REVIEWONE SOURCE · 1 SOURCE
Lost
$722M
dollars at the time
Returned
none listed
as the sources state it
Rank
not ranked
collapses, frauds and later news are not ranked
What happened
From April 2014 to December 2019, the BitClub network was a fraudulent scheme that solicited funds from investors in exchange for stakes in so-called cryptocurrency mining pools and rewarded their investments, according to an announcement issued by the U.S. Attorney's Office in New Jersey. to recruit new investors into the program. Over the five-year period of the program, BitClub defrauded investors of at least $722 million in bitcoin.
In review: single source for a loss of $500M or more.
Details
- Date
- Jul 10, 2020
- Kind
- Fraud
- Method
- Ponzi
- How in
- Insiders: rug pulls, frauds, collapses
- Target
- not stated
- Chains
- not stated
Reported by
Cite this page
SwanBluechip, "BitClub fraud, Jul 10, 2020: $722M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/htcf47781c06/ (data as of 2026-10-31).