One scam, two names. How Europe 'inherited' the world's largest crypto scam.
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🧨 BitConnect: The beginning of a global disaster
BitConnect was founded in 2016 and quickly became a symbol of the largest Ponzi scheme in the history of cryptocurrencies.
Lured by:
“automatic trading bot”
daily guaranteed returns
extreme profits 'without risk'
Reality: ❌ no trading bot
❌ no evidence of trades
❌ no transparency
✅ new money = payout old money
In January 2018, regulatory authorities in the USA and India intervened:
the sites were turned off
the token collapsed
investors lost billions of crowns
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🇫🇷 DavorCoin: European copy of BitConnect
While BitConnect was falling in America, DavorCoin was running in Europe.
That:
targeted mainly at France and Western Europe
used:
the same marketing
the same MLM system
the same profit promises
Investors were assured:
> 'We are not BitConnect, we are safer.'
But: the structure was identical.
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🧬 The same model, different logo
BitConnect DavorCoin
daily returns daily returns
trading bot trading bot
MLM MLM
anonymous team anonymous team
no audit no audit
collapse collapse
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⏳ When BitConnect fell, DavorCoin was also affected
Once BitConnect fell, investors:
started withdrawing money
the system began to collapse
A few weeks later: 🚨 French police launched an investigation
🚨 servers seized
🚨 the website disappeared
🚨 the founders disappeared
DavorCoin did not survive more than a few months after the fall of BitConnect.
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⚠️ What do both have on their conscience?
Thousands of ruined people:
loss of savings
broken relationships
depression
suicides (reported in India and Latin America)
BitConnect became a symbol:
> 'If someone guarantees you profit, they also guarantee you trouble.'
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🔍 How to recognize it in time?
If the project:
promises fixed income
forces to bring in new people
hides the team
no audit
instead of a product has 'motivation'
➡️ it's not an investment.
➡️ it's a trap.
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🎯 Conclusion:
BitConnect was the 'original'.
DavorCoin was its European version.
One model.
Two names.
The same end.
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❓ Question for the reader:
Do you think a similar scam will return in the next bull run?
YES / NO – why?
#Bitconnect #DavorCoin #CryptoScamAlert #ponzischeme #CryptoHistory
