anna_returns_2 Posted March 1, 2022 Report Posted March 1, 2022 https://www.coindesk.com/policy/2022/03/01/bitconnect-founder-convicted-in-24b-ponzi-scheme-has-disappeared/ Quote
Gcp Posted March 2, 2022 Report Posted March 2, 2022 Bitconnect was suspected of being a Ponzi scheme[10] because of its multilevel marketing structure and impossibly high payouts (1% daily compounded interest).[6][7][11] Bitconnect interest fluctuated greatly with the volatility of Bitcoin, which its value was tied to. ย The Bitconnect Coin was among the world's top 20 most successful cryptocurrency tokens[12] until its price collapsed after traders began losing confidence. BCC rose from a post ICO price of $0.17 to an all-time high of US$463 in December 2017; it declined to US$0.40 as of March 11, 2019. 1 Quote
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