The biggest crypto fraud of all time

[junkerr]

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.

no investor can be foolish by missing out on the opportunity to get a bigger profit with bitcoin than altcoin. In the current situation, everyone also knows if bitcoin will be more profitable than the altcoin. there isn't much movement from altcoin, especially if the dominance of the bitcoin pump can happen again it will make altcoin look bad.

[1714808982]

1714808982

[1714808982]

1714808982

[1714808982]

1714808982

[SaShiRaJaVu]

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 always fool people who have no idea about the crypto market and anyone who promises a guaranteed return is a sure shot scam and there are more than $40 billion been taken off the market by these scammers in this period of time through different scams including ponzi schemes and ICO frauds and i wish every scammers will be caught in the future and given the right sentence and the investors get their money refunded.

[Whilemost]

When investing somewhere, we must carefully review and find out the risks that may occur. We must invest in cash carefully to avoid fraud. 

[danherbias07]

Bitconnect had just been famous all over the social media and here in this forum.
But you are correct, there are more of them out there which we just don't see if we keep our eyes just here.
They don't even make an announcement here and will do another way to sell it to people.
Telegram, Facebook and Twitter. They can use those websites to scatter the news without those who want to reveal them knowing any small thing about what will happen.

[btcdie]

Actually starts from our own carelessness. Scam projects will not work without us, as market players. In fact, Bitcoinnect had from the beginning been a sign that their project was indicated to be a scam, and to my surprise there were no accusations periodically at that time, so the CEO fled until everyone realized it. it all started with us, because it was too careless and greedy. indeed the ponzi business is very tempting, making someone like being hit by magic. When this is fully I started leaving a project that gave sweet words too much, and I switched that Bitcoin is the main thing of all.

[CarnagexD]

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 always fool people who have no idea about the crypto market and anyone who promises a guaranteed return is a sure shot scam and there are more than $40 billion been taken off the market by these scammers in this period of time through different scams including ponzi schemes and ICO frauds and i wish every scammers will be caught in the future and given the right sentence and the investors get their money refunded.

From the moment that the project promised that it will be a guaranteed return investors should've distance themselves from that, commong we are on crypto space where the uncertainty is on another level. I would really love to see millionaire to be jailed with no bail but that seems to be impossible as the people behind the project don't really show their identity both online and offline. Authority doesn't know who will they run after and that's cruel for most of the investors.

[superstrength]

I also hate centralized money, no coins are mined, no blockchain, nothing, all coins claiming to be bitcoin are all red flags and die.

[Dart18]

You didn't mention the name of the scam project? Which is it?
I have heard a lot about bitconnect and some of my friends lose a lot of money with it.
But what is this one you are talking about? Maybe we could see more if you tell it.

There are a lot of scams out there by now and most even look like legitimate ones which takes a year for the robbery to be fruitful.
Maybe we could warn more if we know what we are getting into.

[Obito]

Any coin can be a scam at the end of the day, developer can still leave the project after 10 years of working with it and this is why we need to take profit always and don’t be too greedy on holding with your coins. There’s a lot of scam projects before, whether its big or not it can still affect the market, it will be hard to trust the market if you’re one of those victims. Biggest fraud is Limiting yourself from knowing better, cryptocurrency is not a safe investment well the most volatile price movements.

Totally agree with this. At the end of the day a developer, a certain project they can pull out their progress anytime they want it to. So as long as we can gather information, do not ever take it for granted as it stands as a tool of our foundation to trust those project. Words are deceiving so before participating try to look for something more behind than only in the appearance.

[mamesso]

~

Even the best of concept of a project could be a fraud. They might just invested their time thinking on what to write. It isn't that hard to do it if you think about it. You're just gonna gather a team to have a brainstorm on what project should be written in the WP or even in an ANN thread just to get the interest of the investors but then you all decided to just "let's just take their money".
So from that, people should also look into the history of the team itself. I am not sure if such sites like LinkedIn/Twitter could buy followers to make each members look like a legitimate one.

Because there are indications of fraud like this, we are required to be super careful when investing.  Cryptocurrency is one of the most coveted targets by the fraudsters to collect money the easy way.  So before deciding to invest we must first research so as not to fall into the trap of con artists.

[sockpuppet1911]

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 wouldn't call one coin a crypto scam because it didn't have anything to do with crypto. Even all the crypto people ignored it right away as just another irrelevant scam. I am amazed how long did it go as i thought that everyone knew how obvious of a scam it was.

[leowonderful]

I wouldn't necessarily mark anything that claims to be better at some things than Bitcoin with a red flag, but I'd look more into the specifics of the implementation of whatever improvement the coin or token in question has over Bitcoin. Competition's great in any area because it forces everyone to further improve existing technologies or get left in the dust. I do agree that a ton of centralized coins are risky to invest in for a multitude of reasons, however.

A majority of these large cryptocurrency-related scams also attract investors that have no idea what cryptocurrency really is, but see the buzzwords like 'blockchain' and the large potential returns and get hooked. It's mostly these types of people that get reeled into schemes like Bitconnect or Onecoin, and it's also unfortunate that a lot of these schemes spend tons of money on falsely advertising themselves before leaving.

[electronicash]

~

Even the best of concept of a project could be a fraud. They might just invested their time thinking on what to write. It isn't that hard to do it if you think about it. You're just gonna gather a team to have a brainstorm on what project should be written in the WP or even in an ANN thread just to get the interest of the investors but then you all decided to just "let's just take their money".
So from that, people should also look into the history of the team itself. I am not sure if such sites like LinkedIn/Twitter could buy followers to make each members look like a legitimate one.

Because there are indications of fraud like this, we are required to be super careful when investing.  Cryptocurrency is one of the most coveted targets by the fraudsters to collect money the easy way.  So before deciding to invest we must first research so as not to fall into the trap of con artists.

its best not to invest on projects instead unless they have made it to the exchange without having funds. we find a hard time distinguishing which project is a possible scam because even when they were on the market for so long they still didn't make it and did an exit scam. the only that matters right now are the projects that currently rank on the coinmarketcap. these are the coins that hold on in this long crypto winter market and now that they'd made it, i guess its where we should be investing. not those tokens that wasn't even listed.

i stayed on the forum the whole time, i didn't heard of the one coin here which is why i'm surprise it scammed $4B. obviously people who practice to only invest on projects announced here are not victim of this one coin.

[stephanirain]

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, 

Indeed, it is still the most popular scam case because it is also the time when investors became more cautious and wary of other projects. It did a number on the reputation of many ICOs and many projects did lose potential investors. It is really sad to see that whether or not a crypto really do technically use blockchain, once the scam is confirmed, many mouths will blame it.

[naikturun]

bitconnect is one of the biggest projects that came out in 2017, many people took the opportunity from the project, those who joined at the beginning might benefit, but there were many losses due to joining at the end.
news from my country many people who stopped working and joined bitconect, of course this is very sad hopefully projects like this will not happen again.

[tenakha]

bitconnect is one of the biggest projects that came out in 2017, many people took the opportunity from the project, those who joined at the beginning might benefit, but there were many losses due to joining at the end.
news from my country many people who stopped working and joined bitconect, of course this is very sad hopefully projects like this will not happen again.

The end of a project in which limited supply and unlimited demand combine is always the same. Projects such as Bitconnect, Plustoken, and so on, can not survive until the end. Those who add value to such projects fall into the trap of earnings, and so there is much loss. Although decentralization has its positive aspects, it also has some negative aspects. You should check ground several times before you take every step.

[crossabdd]

this is the crypto blockchain world. those who don't learn much about crypto, will be trapped in it. because crypto is not a real product. but true crypto can support real products. once again, crypto investment (crypto investment web) is currently not safe. the safest one in crypto is trade. don't just judge large communities like bitconnect or MMM GLOBAL. because that doesn't necessarily help. could have killed each other. it's better to buy bitcoin, keep and hold it on private wallet and sell it when it has a high price.

[starblocks]

More illegitimate projects, more failed High Yield Investment Programs (HYIP)'s and more exit scams this will never end entirely so it's best to search for each projects legitimization and viability before investing no matter how good it may appear always do your due diligence before investing

[GideonGono]

Crypto scammers have no fear or shame to prey on their victims because they believe no law can hunt them down, some are already been caught and many more escaped without getting caught, the most annoying part are teams that shows their identity online to deceive investors, i hope regulation will put a stop to all this soon

Yup because for now, that was a great thing that you could get an easy money. They didn't scared on what happen because they greed on money. They didn't invest money but they invest brave and also conscience.

[Ararbermas]

Its very difficult to trust honestly since more fraud's emerge and keep hiding around the internet.  nowadays it's not safe to rely on their testimonials and reference because mostly are copy paste and it really works for them wherein even now they keep using it as a technique to accumulate victims.  Its very different now unlike before when bitcoin constantly growing ,,and for me those fraud is the only reason why bitcoin nowadays can't even back up since it collapse because more investore are very skeptical to the future of crypto currency..