One of the largest scams in the history of cryptocurrencies was...

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BitConnect, which was a digital lending and investment system based on the Bitcoin system. Bitconnect was launched in 2016 and generated huge business buzz due to its promise of huge returns on investment.

Despite promises of huge returns, Bitconnect was later found to be a pyramid scam, where new investors' money was used to pay returns to old investors. In 2018, Bitconnect announced its closure after becoming the target of judicial investigations and public criticism due to fraud and scam accusations.

This process sparked a wave of financial losses for investors, and contributed to increasing doubts about the validity and reliability of digital currencies and projects associated with them.

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