In 2016, BitConnect promised huge returns on crypto investments through its platform, offering a daily return of 1%. It seemed too good to be true, and it was. Behind the promise was a Ponzi scheme where older investors’ money was used to pay new ones. In the end, the scam collapsed, and $4 billion was lost. Watch this video to learn how BitConnect tricked thousands of people and what happened to its founders.
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May 06
