homepostsHow much money did Bitconnect get away with?

How much money did Bitconnect get away with?

Kevin VoigtSep 28, 2021

The bitconnect scam is the biggest and most well known Ponzi scheme in cryptocurrency history. In just over a year, the 'project' managed to propel itself from an obscure ICO to a crypto project valued at a staggering $2.6 billion.

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Secondly, is Bitconnect closed?

On January 17, 2018, Bitconnect shut down, and BCC prices crashed by 92% immediately after. Bitconnect announced it would refund its loans. However, the Bitconnect X website remained open and operational, having just begun its ICO and allowing users to purchase BCCX coins with their BCC coins.

Additionally, what happened to the Bitconnect guy? Bitconnect cited excuses on bad press, the Texas State Securities Board Cease and Desist order and DDos (distributed denial of service) attacks, yet the truth was out in the open: scammers won. Matos disappeared, only to resurface recently taking a lot about weight loss through intermittent fasting.

Just so, can I still buy Bitconnect?

You can buy, sell or trade BitConnect Coin (BCCOIN) on more than 10 exchange listed above. The total trade volume of BitConnect Coin in last 24 hour is around 0 USD. ... Also, you can use the same exchanges to trade BitConnect Coin (BCCOIN) against cryptocurrencies like BTC, ETH, LTC, ETC, XMR, USDT, BNB, etc.

How many Bitcoins are left?

There are only 21 million bitcoins that can be mined in total. Once bitcoin miners have unlocked all the bitcoins, the planet's supply will essentially be tapped out. As of February 24, 2021, 18.638 million bitcoins have been mined, which leaves 2.362 million yet to be introduced into circulation.

How long did OneCoin last?

OneCoin was a Ponzi scheme that pulled in $4 billion from 2014 to 2016. OneCoin was not actively traded, nor could the coins be used to purchase anything. Its founder, Ruja Ignatova, has disappeared and co-founder Sebastian Greenwood is in jail in the U.S.

Does Amazon accept Bitcoin?

For example, one can purchase goods from Amazon with Bitcoin, using a third-party service called Purse. ... It definitely wasn't like buying directly through Amazon with one click. In 2014, Overstock became one of the first big e-sellers to accept direct Bitcoin payments.

Are Bitcoins safe?

Like in real life, your wallet must be secured. Bitcoin makes it possible to transfer value anywhere in a very easy way and it allows you to be in control of your money. Such great features also come with great security concerns. At the same time, Bitcoin can provide very high levels of security if used correctly.

Is BitConnect legit?

Bitconnect is a Ponzi/scam, not up for dispute

It has been exposed as a scam/ponzi. The lending platform has shut down and a bunch of people have lost their money. The coin value is $11 dollars right now after being up at $400.

Where can I buy Bitconnect?

How to Buy Bitconnect Coin. Bitconnect Coin is available through Livecoin and a few other exchanges, but the bulk (95%+) of trading volume happens on Bitconnect's exchange.

What is an exit scheme?

An exit scam is a fraudulent practice by unethical cryptocurrency promoters who vanish with investors' money during or after an ICO.

Who ran Bitconnect?

Bitconnect promoter Trevon James confirmed Monday that he is speaking with an FBI agent over his involvement with the defunct investment scheme.

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About The Author

Kevin Voigt

Kevin is an Entrepreneur, Digital Nomad, Student, and ICO Marketing Manager currently based in Berlin & Champaign. He is actively involved in the Blockchain space and has worked in numerous projects in the Silicon Valley since 2017. His interests revolve around Finance, Consulting, and Blockchain Research.