Is BitConnect a scam?
Crypto lending Ponzi promising up to 1% daily returns through a proprietary "trading bot". Operated 2016 to early 2018 with an aggressive multi-level promoter network. SEC and state regulators issued cease-and-desist orders before the platform shut down in January 2018, wiping out the BCC token.
| Status | prosecuted |
|---|---|
| Category | ponzi |
| First observed | 2016-02-15 |
| Collapsed | 2018-01-16 |
| Reported victims | 800 |
| Estimated losses | $2,400,000,000 |
Also known as
BCC, BCC Token, BitConnect Coin