Tag Archives: DOJ prosecution

Bitconnect: The full history of crypto’s most infamous Ponzi scheme

How Bitconnect became crypto’s most infamous Ponzi scheme.

Bitconnect was a US$2.4 billion crypto Ponzi scheme that collapsed in 2018 and remains one of the most consequential frauds in digital asset history. Launched during the 2017 cryptocurrency boom, Bitconnect promised a guaranteed 1 percent daily return through an alleged proprietary trading bot. The scheme expanded globally through aggressive …

Read More »