One scam, two names. How Europe 'inherited' the world's largest crypto scam.
---
๐งจ 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:
โautomatic trading botโ
daily guaranteed returns
extreme profits 'without risk'
Reality: โ no trading bot
โ no evidence of trades
โ no transparency
โ
new money = payout old money
In January 2018, regulatory authorities in the USA and India intervened: