The Biggest Ponzi Scheme in Crypto History Bitconnect(2016)๐ธ!!!!!
๐น What Was BitConnect?
Launched in 2016, BitConnect promised 1% daily returns through a "lending platform." It attracted thousands of investors with its flashy promises of guaranteed profits.
๐น The Collapse
By 2018, regulators shut it down, revealing BitConnect as a $4 billion Ponzi scheme. Many investors lost their life savings, and its infamous slogan, "BitConnneeeect!," became a meme symbolizing crypto scams.
๐น Lessons Learned
Avoid platforms promising "guaranteed returns."
Research thoroughly before investing in any project.
๐ฌ What do you think are the red flags of a Ponzi scheme? Letโs share tips below! ๐
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