UTC-05:00,Saturday , September 26th 2020

BitClub Programmer Admits Mining Scheme Stole $722M In Bitcoin

15:02 Thursday , July 09th 2020
A 35-year-old Romanian programmer of the Bitclub Network pleaded guilty on Thursday (July 9) to his role in establishing the mining pool Ponzi scheme that defrauded investors of hundreds of millions of dollars in Bitcoin.
The programmer, Silviu Catalin Balaci, confirmed in his plea that BitClub had indeed wreaked the economic damage that prosecutors accused the mining pool's principals of committing: $722 million in stolen bitcoin over five years.
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