Badisse David Mehmet has offered a $1000 bounty for information leading to the whereabouts of Glenn Arcaro and Nicholas Conte, known online as CryptoNick. Both individuals gained notoriety for their involvement in promoting the BitConnect cryptocurrency lending scheme, which collapsed in January 2018. Mehmet intends to use any located details to file federal lawsuits and hand information over to authorities.

Arcaro had served as BitConnect's largest promoter in the United States, drawing in a substantial investor base. The Securities and Exchange Commission (SEC) later charged Arcaro in 2021, alleging he fraudulently offered and sold unregistered securities through the BitConnect lending program. He subsequently pleaded guilty to conspiracy to commit wire fraud and was sentenced to 38 months in federal prison in 2022. He also faced orders to forfeit more than $3.5 million and pay $17 million in restitution.

Conte, then seventeen years old, operated a prominent YouTube channel to promote BitConnect, earning hundreds of thousands of dollars in referral fees. His promotional videos, which once boasted about BitConnect's returns, have since been removed. The SEC also charged Conte in 2021 for promoting unregistered securities and settled with him. He agreed to disgorge more than $2 million in BitConnect profits.

Mehmet states his belief that Arcaro "took off overseas to Europe somewhere" and calls him "one of the major players and major promoters" of the scheme. He points to Arcaro's role as a Director of BitConnect, arguing Arcaro helped defraud individuals. Mehmet claims BitConnect took millions from investors who trusted the promoters' assurances before the tokens became worthless.

He also specifically targets CryptoNick. Mehmet plans to sue Conte in federal court, arguing that as an agent of BitConnect, Conte heavily promoted the platform and falsely assured thousands of people it was legal and not a scam. This, Mehmet claims, makes Conte liable for investor losses. Other prominent BitConnect YouTubers, including Craig Grant, also face potential legal scrutiny.

Beyond the public bounty, Mehmet says he will hire a private investigator to track down the individuals. He promises to post copies of the federal lawsuits once they are filed against both promoters and BitConnect itself.

Mehmet launched a GoFundMe campaign to fund the bounty. However, the provided link for the campaign currently returns a "campaign not found" message. It remains unclear if someone already claimed the bounty or if the campaign was removed for other reasons.