Bitconnect scam

Bitconnect was one of the biggest cryptocurrency scams, operating like a Ponzi scheme:

🔵 Investor Attraction: Users were investing in Bitconnect and purchasing its token (BCC), with the promise of high daily returns of up to 40% per month through a so-called automated trading platform.

🔵 Referral Program: Rewards for bringing new users have driven exponential growth.

🔵 Collapse: In January 2018, a regulatory investigation led to the shutdown of Bitconnect, and BCC collapsed from $400 to almost zero. Investors lost millions.

The founders disappeared, leaving users with devalued assets, leading to lawsuits and arrests.

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