Australia Freezes Assets of BitConnect Promoter Whose Wife Mysteriously Disappeared

John Bigatton, top Australian promoter of BitConnect, an alleged Ponzi scheme that collapsed in January of 2018, has been blocked from traveling by an Australian court. His assets—including any cryptocurrency holdings, and the holdings of his investment management firm—are subject to a freeze order. According to the Sydney Morning Herald, the freeze accompanies an investigation of Bigatton by Australia’s financial enforcement agency, ASIC.

Bigatton’s wife disappeared last year in March, and is now presumed dead in what may have been either a murder or suicide. According to the Herald, John Bigatton is not suspected of direct involvement in his wife’s disappearance. However, her disappearance coincided with widening investigations into BitConnect, and she appears to have struggled with the fallout from her husband’s involvement.

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