Bitconnect was a cryptocurrency platform that gained attention for its lending and investment program, promising high returns. The platform faced allegations of operating as a Ponzi scheme, and it eventually collapsed in January 2018.
⚠️ The owner of Bitconnect was known by the name Satish Kumbhani. However, it's important to note that the true identity of the individuals behind Bitconnect was not always clear, and the nature of the platform raised suspicions about its legitimacy. The collapse of Bitconnect led to financial losses for many investors, and regulatory authorities issued warnings about the risks associated with such schemes.
Estimated Scam amount 4 Billions usd
