An Australian court has frozen BitConnect Director John Bigatton’s assets. Bigatton is also prohibited from fleeing the country.

In addition to being a Director of BitConnect International PLC in the UK, Bigatton was the sole representative of BitConnect Australia.

Bigatton’s asset freeze and travel ban is part of an ongoing investigation into BitConnect by the Australian Securities and Investments Commission.

ASIC is believed to be working with regulators in other countries, although specifics have yet to be made public.

In March last year Bigatton’s wife Madeline (right, with John) went missing. Her disappearance coincided with BitConnect’s collapse a few months earlier.

To date there have been no sightings of Madeline Bigatton, nor has her body been found. NSW police still consider Bigatton’s wife a missing person, although they’ve since referred the matter to the coroner.

Update 4th September 2020 – 
As part of ASIC’s ongoing investigation, John Bigatton has been given a
seven-year financial services ban
.

Update 18th November 2020 –
Asic has
filed criminal charges against John Bigatton
.

🤖 Quick Answer

What enforcement action has been taken against BitConnect Director John Bigatton in Australia?
An Australian court has frozen John Bigatton's assets and imposed a travel ban, prohibiting him from leaving the country. As sole BitConnect Australia representative and UK BitConnect International PLC Director, Bigatton is subject to investigation by the Australian Securities and Investments Commission, with suspected international regulatory cooperation underway.

What is known about Madeline Bigatton's disappearance?
Madeline Bigatton, wife of John Bigatton, disappeared in March following BitConnect's collapse months earlier. Despite ongoing investigations by NSW police, no sightings have been confirmed and her body remains undiscovered, leaving her status unresolved.

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