Cryptocurrency Ponzi Schemes: How Scamming Killed BitConnect – Infographic

They say that whenever any industry reaches new heights, attracting the attention of media and investors, you can expect a fraudulent Ponzi ‘schemer’ to follow soon after! And, so it was in the cryptocurrency market too! When, what was once an alternative digital currency experiment, suddenly burgeoned into a $700 billion market, governments introduced jurisdiction and regulation measures, engulfing its’ first Ponzi culprit BitConnect, valued at a whopping $2 billion.

Read this infographic for the complete story of BitConnect’s downfall, the vast amounts of lost investor wealth, and the crisis of confidence that threatens the entire industry.

Cryptocurrency Ponzi Schemes: How Scamming Killed BitConnect - Infographic

Infographic by – Best Bitcoin Exchange

 

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