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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.
- Text
- 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.
- Symbol
- BCC
- EventYear
- 2018
- Explaination
- “Guaranteed returns” are a Ponzi hallmark. When combined with token lockups and MLM-style marketing, exit risk skyrockets.
- IsVerified
- Source
- SEC formally charged Bitconnect promoters and CoinTelegraph documented investor losses
- Url
- https://www.sec.gov/news/press-release/2021-90
- Enabled
- Created (UTC)
- 10/10/2025 6:09:20 PM
- Updated (UTC)
- 10/10/2025 6:09:20 PM