🚨THE BIGGEST CRYPTO SCAM🚨
Hello, AFMIsta! In the financial market and beyond, we must be in the habit of verifying the veracity of information before carrying out any type of movement, even with cryptocurrencies... so that we do not invest our reserves in a fraud project or in a currency that presents more than 90% chance of "dying" within a short time. Don't just follow the chart!
The biggest scam involving cryptocurrencies was the case of BitConnect, an investment platform that operated like a pyramid scheme. Founded in 2016, BitConnect promised unrealistic returns of up to 40% per month through an automated $BTC trading-based "lending" system.
The platform attracted thousands of investors around the world, accumulating billions of dollars in cryptocurrencies. In 2018, the scheme fell apart when regulators began investigating its activities, and #BitConnect was accused of operating as a scam. The founders disappeared, and many investors lost fortunes.
This case became a global warning about the risks in the cryptocurrency market, reinforcing the importance of being wary of promises of easy profits and doing research before investing.
