WebJul 27, 2024 · Essentially, as a BitConnect user, you would send your Bitcoin to them (yes, your Bitcoin, we'll come to that later), and then they would use a "trading bot" to make … WebBitConnect (BCC) was an allegedly open source cryptocurrency and the native token of the now-defunct ponzi scheme BitConnect. Launched in February 2016, shortly after the project itself, BCC aimed to function as the means by which participants in the BitConnect scheme invested and received payouts.
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WebSep 1, 2024 · The Securities and Exchange Commission announced today that it has filed an action against BitConnect, an online crypto lending platform, its founder Satish … WebFeb 25, 2024 · The indictment alleges that BitConnect was a textbook Ponzi scheme. BitConnect solicited investors to use its “Lending Program,” which touted BitConnect’s purported proprietary technology, known as the “BitConnect Trading Bot” and “Volatility Software,” as being able to generate substantial profits and guaranteed returns. grass fire map
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WebFeb 25, 2024 · BitConnect is an alleged fraudulent cryptocurrency investment platform that reached a peak market capitalization of $3.4 billion. According to court documents, … WebSep 2, 2024 · BitConnect is a now-defunct cryptocurrency exchange platform. Founded in 2016, BitConnect created a digital token called BitConnect Coin that could be … WebNov 12, 2024 · How it worked, as Bitconnect described it. Was that first he deposited his investment $25000 worth of bitcoin on the Bitconnect app. Then Bitconnect Day traded his bitcoin using software, which the company described as a quote "volatility trading bot" for the bot to work, your bitcoin investment needed to stay locked in the app. chitti chitti miriyalu lyrics in english