The biggest crypto fraud of all time

[pikkie]

Bitconnect is a very well-known case, In 2019 we have another huge scam project, Plustoken, its negative impact is still affecting the market at the present time. Another similar project, Cloud Token, has just been investigated by Chinese police.

throughout the history of the development of altcoin many cases of altcoin that failed and did a very large fraud indeed one of them is bitconnect but there are still many more altcoins who do like that, mining tokens and so forth.

[sayaya17]

For that I feel more secure to invest in dibitcoin only, especially with a long period of time. Because we know that no one is able to stop bitcoin. It's different if we invest in altcoin where someone can make the coins to ashes. If I were going to invest in altcoin, surely those were the best coins and would not hold them for a long time. I have also been trapped in a ponzi scheme for that I always ensure security for my investment.

[TheClownSong]

In my opinion there are many types of scams in the cryptocurrency market and maybe what is often known is in ICO. Scam mode that often occurs and sometimes is not realized is the developer team hands off after the token listing in the market. They are listing in a small exchanger so that they pay a small listing fee but get money from the sale of tokens of more than millions of dollars.

[andika2018]

For that I feel more secure to invest in dibitcoin only, especially with a long period of time. Because we know that no one is able to stop bitcoin. It's different if we invest in altcoin where someone can make the coins to ashes. If I were going to invest in altcoin, surely those were the best coins and would not hold them for a long time. I have also been trapped in a ponzi scheme for that I always ensure security for my investment.

Bitcoin will always be the most important investment choice for investors in the cryptocurrency market. But in my opinion some altcoins also have good prospects because some altcoins show the development of products that can be a trigger for adoption.

[Ranly123]

I always think that bitconnect scam was the biggest in crypto space until i heard about one coin, a Ponzi scheme that defraud investors approximately $4 billion around the globe and one coin ceo have been missing since 2017, we really need to be very careful where w invest our hard earned cash, when a offer is too good to be true there is always more that met the eye

I remember people calling one coin the bitcoin killer, lol 😆 oh i hate centralized coins, the fact is there was no coin mined, no blockchain, nothing, I have never seen anything like it, any coin that claims to kill bitcoin is red flag lol, 

This issue has been around for years. I think bitconnect closed on the year 2018 and why does it still on the topic today? I mean, we have to move on eventhough this project scammed a lot of people. In fact almost all altcoins in 2018 are scams which is killing cryptocurrency nowadays.

[Pamadar]

In my opinion there are many types of scams in the cryptocurrency market and maybe what is often known is in ICO. Scam mode that often occurs and sometimes is not realized is the developer team hands off after the token listing in the market. They are listing in a small exchanger so that they pay a small listing fee but get money from the sale of tokens of more than millions of dollars.

ICO's if being compound are the big fraud from this industry. There's a lots of scam developers who continuously creates one project over another.
Letting investors to keep falling into this trapped and it's repeatedly done, crypto fraud mostly being facilitated by the same teams ho's hiding
behind new projects.

[Wintersoldier]

ICO's if being compound are the big fraud from this industry. There's a lots of scam developers who continuously creates one project over another.
Letting investors to keep falling into this trapped and it's repeatedly done, crypto fraud mostly being facilitated by the same teams ho's hiding
behind new projects.

Especially if we will get the summation of all the scam ICO's fund received from investors from the past 2018 up to now, I think it would reach hundreds of millions of dollars which is a serious big amount of money in which for me, if it was invested in bitcoin, then we could have better market now. I do really blame these people why we have hindrances to attract market adoption to people because in the first place they are already trying to destroy the reputation of cryptocurrency and making other new promising and legit projects looks fishy if they really aren't.

[inanilujimi]

That is crypto, anytime a project that looks good can be destroyed for various reasons.
For that I personally if investing in one of altcoin must have goals to be achieved, if you get what you want, don't be greedy and expect to get more.

[Bttzed03]

~
one coin ceo have been missing since 2017

The CEO has been arrested and charged this year

Konstantin Ignatov, the CEO of the multi-billion-dollar “crypto” Ponzi scheme OneCoin, has pleaded not guilty to wire fraud. According to court documents, Ignatov entered the plea during a May 28 preliminary hearing via conference call.

[Kotone]

I feel relieve that bitconnect got busted for their scam. I also feel bad for those who loss their fund on the hype of this project. I myself got in, but luckily I escape it and gains some from it. It was just a bit of luck that I was able to earned from it and suddenly it went sour. I hope new projects would try to so such thing as biggest scam like this.

[LouVandetta]

I always think that bitconnect scam was the biggest in crypto space until i heard about one coin, a Ponzi scheme that defraud investors approximately $4 billion around the globe and one coin ceo have been missing since 2017, we really need to be very careful where w invest our hard earned cash, when a offer is too good to be true there is always more that met the eye

I remember people calling one coin the bitcoin killer, lol 😆 oh i hate centralized coins, the fact is there was no coin mined, no blockchain, nothing, I have never seen anything like it, any coin that claims to kill bitcoin is red flag lol,  

Bitconnect is the most famous scam and OneCoin is no different either, who doesn't know them one of these days? They're famous enough even for newbies, I think.

A Multi Billion Dollar Scam which was a no joke when it comes to that much money. Sadly there's no saying that it will not happen again in the future.

No one knows when or where the scam will take place. Ponzy scheme or a crypto pyramid scheme is inevitable once you're caught up in them without knowing it.
Unless you have the knowledge to sort which is right or wrong. And the so called beginners somehow always fall victims to these kinda things.

[HabiebRiziq]

By now every crypto investors should know that no coin is 100% safe either old or new, people like you are the backbone of these coins, even if they have good mind today they can go dark tomorrow

Indeed, no one is safe every decision we take will always have risks but what we have to do here is how we anticipate them or how we minimize those risks. Both new and old coins certainly have risks but for me personally I would prefer to invest in old coins rather than into new coins because in my opinion investing in new coins actually has a greater risk even though you could say the price is lower but the possibility of getting greater failure .

[Aabcde]

oh i hate centralized coins, the fact is there was no coin mined, no blockchain, nothing, I have never seen anything like it, any coin that claims to kill bitcoin is red flag lol, 

I totally agree with this. They say this is actually just a sweetener to attract people so that their community is large. Though the purpose behind these words is to enrich the developer himself.
One more thing, for me developers who don't listen to what investors want are also scams. Because they don't appreciate where their money comes from the beginning.

[zhekinsp]

I always think that bitconnect scam was the biggest in crypto space until i heard about one coin, a Ponzi scheme that defraud investors approximately $4 billion around the globe and one coin ceo have been missing since 2017, we really need to be very careful where w invest our hard earned cash, when a offer is too good to be true there is always more that met the eye

I remember people calling one coin the bitcoin killer, lol 😆 oh i hate centralized coins, the fact is there was no coin mined, no blockchain, nothing, I have never seen anything like it, any coin that claims to kill bitcoin is red flag lol, 

You can add that list with XRP,USDT and any other centralized coins which holds high marketcap is having chance of turning into scam.

People don't realize how much risky is to have all the authority of their holdings to single person who own that coins and they also trusting the promises given by the person.

[kodtycoon]

I always think that bitconnect scam was the biggest in crypto space until i heard about one coin, a Ponzi scheme that defraud investors approximately $4 billion around the globe and one coin ceo have been missing since 2017, we really need to be very careful where w invest our hard earned cash, when a offer is too good to be true there is always more that met the eye

I remember people calling one coin the bitcoin killer, lol 😆 oh i hate centralized coins, the fact is there was no coin mined, no blockchain, nothing, I have never seen anything like it, any coin that claims to kill bitcoin is red flag lol, 

You can add that list with XRP,USDT and any other centralized coins which holds high marketcap is having chance of turning into scam.

People don't realize how much risky is to have all the authority of their holdings to single person who own that coins and they also trusting the promises given by the person.

fraud in the crypto room is a major problem and it must be realized from the beginning, investors should no longer easily trust existing promises, because a promise does not guarantee they will be safe there after spending their money to invest

[Landak]

there is more besides bitconnect, that is Centra (CTR) which is horrendous throughout the crypto universe, its co-founder was arrested for fraud during the ICO.
https://www.sec.gov/news/press-release/2018-53
after the news appeared, then the price of the coin immediately fell more than 80% in a day.
everything is full of fraud, scams, ponzi from then until now.

[anjiitem]

For me to be big or not there is a fraud in cryptocurrency, it is very detrimental and makes us feel that what we are doing is futile and think that it is better not to put money in the project and others. In addition to making people participating in a project feel disadvantaged by fraud, it also makes other projects difficult to obtain funding or difficult to attract investors to invest in it.

[MI6]

I always think that bitconnect scam was the biggest in crypto space until i heard about one coin, a Ponzi scheme that defraud investors approximately $4 billion around the globe and one coin ceo have been missing since 2017, we really need to be very careful where w invest our hard earned cash, when a offer is too good to be true there is always more that met the eye

I remember people calling one coin the bitcoin killer, lol 😆 oh i hate centralized coins, the fact is there was no coin mined, no blockchain, nothing, I have never seen anything like it, any coin that claims to kill bitcoin is red flag lol, 

I see a lot of altcoin that end with scam, not only which have blockchain but real altcoin too. Make investment either it have product or maybe not must be careful. Especially if pure ponzi scheme like what they name a coin but actually not a coin. There is a lot of investment other than onecoin that purely ponzi scheme, and mostly who jump in that business is ponzi player before.

[Surrapatt]

Bitcoin will always be the most important investment choice for investors in the cryptocurrency market. But in my opinion some altcoins also have good prospects because some altcoins show the development of products that can be a trigger for adoption.

That's right, but investors always prioritize bitcoin over altcoin in their investments, even though there are some altcoins that are worth investing in because of the fact that the products are really working.

[mamesso]

Nowadays, it is truly difficult to trust the market because you can't guarantee that your funds will be safe from scam projects. I experienced getting scammed before, I did not blame anything or anyone because I know that I messed up on making decision regarding on where I can invest my money. I was easily tricked by their sweet lies and I don't even tried to search any details because they sound too sweet that makes me think that my investment is going to be worthy, it turns out that it is not. About that, this kind of incident should be a lesson to any of us because we can't control or even stop people if being greedy hit them. We need to be a good observer so that our funds will be safe and secured from those kind of people.  

You are not the only person who is a victim, there are many others who are victims of fraud in the crypto world, and even people who have long known the nature and character of cryptocurrency can be scammed victims. Cases of fraud like these are very difficult to avoid, because there are so many projects that carry a good concept and convince investors, but in the end fraud. The crypto world is a commodity that is very difficult to predict so it is very risky, so invest in quality, not with quantity.