Texas State Securities Board (TSSB) has sounded the alarm over the partial revival of Bitconnect, the now-defunct famous cryptocurrency Ponzi scheme. The fraudsters are claiming that TSSB has begun a refunding initiative for the scam victims, the regulator said on Friday.

The fake notice claims that Bitconnect investors who pay a $250 fee will get around 35% of their money back. The so-called “Bitconnect update” has been published on a website that mimics the official internet page of TSSB. For questions, victims should use the encrypted messaging platform of Telegram, the notice explains. In reality, the Texas regulator gives official consultations via phone, fax, online form, or by post with the publicly announced contact details on its …

This article appeared first on Cryptovest

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