Bitconnect was shut down in 2018 after being exposed as a Ponzi scheme. Thousands of investors lost funds when the token crashed from over $400 to near zero.
BCC
2018
“Guaranteed returns” are a Ponzi hallmark. When combined with token lockups and MLM-style marketing, exit risk skyrockets.
SEC formally charged Bitconnect promoters and CoinTelegraph documented investor losses