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January 10, 2023 31 mins

This week, we dig into the rise of BitConnect, the strange kidnapping case that ultimately helped unravel the scheme and an important Texas Securities Commission cease and desist order.

"Crypto Crooks" is sponsored by Chainalysis.

BitConnect investors were on top of the world. Their investments were going up, up and up. The BitConnect token was making inroads around the world. It was almost too good to be true.

Or rather, it was too good to be true.

In this first episode of “Crypto Crooks,” we go back to the beginning with Amitoj Singh, a CoinDesk regulatory reporter based in India, to look at the rise of BitConnect. We also tackle some of the crimes surrounding the company, including a vicious kidnapping, and the suspicions regulators quickly brought to BitConnect’s door. It was a glorious beginning … already ripe for a tragic end.



Chainalysis is the blockchain data platform. We provide data, software, services, and research to government agencies, Web3 companies, financial institutions, and insurance and cybersecurity companies. Our data powers investigation, compliance, and business intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit


“Crypto Crooks” is a CoinDesk Podcast Production. The executive producer is Jared Schwartz, with additional production by Eleanor Pahl, Rob Mitchell, Nora Battelle, Jonas Huck, and Moon Beast. Fact-checking is by Amber Von Schassen, and sound design and music are by Altus Noumena. This show is written and voiced by David Z. Morris.

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