WebOct 7, 2024 · A straight-up clone of BitConnect, with a lending system which offered up to 48% returns per month and an affiliate program which gave people a strong incentive to recommend the service (you receive … WebSep 1, 2024 · The SEC said investors in a BitConnect "lending program" were told BitConnect used a "volatility software trading bot" that could generate returns of 40% per month, and were given fictitious ...
BitConnect Episode 1: The Gujarati Connection
WebFeb 28, 2024 · As a director, Arcaro took a cut of every investment made through BitConnect's lending programs. As much as 15% of each trade went into his pocket, and he eventually earned over $24 million. WebMay 28, 2024 · Bitconnect collapsed in 2024 after state regulators in Texas and North Carolina filed cease-and-desist letters against its lending and exchange platform. Crypto … how to switch browser to incognito mode
BitConnect Founder Indicted in Global $2.4 Billion …
WebMay 28, 2024 · BitConnect coin The highest transaction price was close to $500, and it fell by more than 90% immediately after the shutdown. State securities departments began to exert pressure before the closure, including accusations that BitConnect was a Ponzi scheme and that BitConnect did not register to sell securities in their respective states. WebJan 10, 2024 · BCC, by contrast, had effectively zero utility after the BitConnect lending program closed. The BCC token’s price had peaked at more than $450 just two weeks before the Texas order, in December ... WebJan 17, 2024 · BitConnect is marketed as being a means of empowering financial freedom from government-controlled banks and fiat currencies. The maximum number of BCC coins that will ever be released stands at 28 million. The main attraction for holders of BitConnect is that they will enjoy 120% interest a year. how to switch browser to google