WebDec 19, 2024 · How BitConnect Works. BitConnect’s core offering is a piece of Bitcoin price volatility software that makes Bitcoin investment decisions on behalf of the BitConnect community. The basic idea behind BitConnect is everyone lends their funds to the BitConnect investment pool, and the software manages those funds, generating a … WebThis is how BitConnect works (why it hasn't died, and why it might not ever) So I read a lot about how people call BitConnect a ponzi and a pyramid scheme, and then on the other …
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WebI remember Bitconnect like it was yesterday 🙌🏽. It was going to make everyone financially better off and it did in some sense, However it wasn’t the returns, it was in fact the lesson … WebJul 27, 2024 · BitConnect didn't last for long, like many other major cryptocurrencies out there today. The company was founded in February of 2016, and, in January of 2024, less than two years after its establishment, Texas State Securities Board issued BitConnect a cease and desist. lamberti brasil
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WebOct 18, 2024 · BitConnect's history was short and fraught with controversies and drama. The company, which was suspected of running a ponzi scam, solicited funds from investors who lent money to the … WebNov 16, 2024 · The BitConnect scam is alleged to have swindled thousands of people in the U.S. and abroad out of more than $2 billion worth of bitcoin. The Securities and … WebJun 2, 2024 · Bitconnect collapsed in January 2024, nearly three and a half years ago, an eternity in crypto time but not terribly long by SEC standards. jerome pineau b\u0026b