The biggest crypto fraud of all time

Xcode7

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Activity: 1148

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Quote from: Doranile432 on December 24, 2019, 06:23:36 AM

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 still remember the incident, I and some of my friends were really deceived there, and made me down for several months after that incident and had a vacuum from cryptocurrency and blamed all the existing situations. And after passing through that period I got up and tried to reorganize my confidence and assume that all such actions really can happen here, it's time we are vigilant and eradicate all the scamm that is here, So that events like that do not happen again.

betty11

copper member

Activity: 448

Merit: 3

I still see someone who believes onecoin will be a world changer, people have really been sold a lie, just like the one they call TheBillionCoin originated from Philippines. Because people prefer easy way out, they will always fall for scam.

Dildo Shwaggins

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Activity: 54

Merit: 2

Besides Onecoin Bitconnect and Plustoken we didn't give much attention to CoinUp which was a ponzi claiming to be an exchange, that managed to defraud investors out of 384 million USD.

https://thenextweb.com/hardfork/2019/11/13/south-korea-coinup-cryptocurrency-exchange-ponzi-pyramid-scheme-fraud-ceo-jail/

aji567

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Activity: 728

Merit: 10

besides bitconnect there have been many scams, especially on the altcoin project. I found a datareum project and they ran off with all ICO funds. it makes me even more annoyed.

DU18

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Activity: 1694

Merit: 268

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Quote from: ije07 on December 26, 2019, 12:22:38 PM

Yes, I don't think it's just bitconnect, but there are still many other coins, especially since the crypto space is free and can be reached by anyone, so it's no wonder why many scamers are here because the crypto industry is a money field. people can easily be fooled or deceived anyone, it is important for anyone before joining here to be more vigilant before making a decision.

Because without the regulations governing cryptocurrency it is straightforward for fraud to occur in the world of cryptocurrency today, of course with the existence of special regulations will be able to minimize every crime that occurs, we know if the velocity of money that occurs in the cryptocurrency world is very large so that it raises the intention to commit crime / fraud either through ico or ieo projects, project scams or asset theft that is increasingly rampant right now.

KimmyF

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Activity: 978

Merit: 250

Quote from: Doranile432 on December 24, 2019, 06:23:36 AM

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 heard about this coin that scam huge money from crypto space. I can't blame one coin for whole market down. Hashcard also did same thing in 2018. We were starting to believe in any ICO which has app or unknown partnership in crypto space. So IEO, STO and now IMO system has support quickly.

ije07

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Activity: 1435

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Yes, I don't think it's just bitconnect, but there are still many other coins, especially since the crypto space is free and can be reached by anyone, so it's no wonder why many scamers are here because the crypto industry is a money field. people can easily be fooled or deceived anyone, it is important for anyone before joining here to be more vigilant before making a decision.

Bonenx14

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Activity: 1033

Merit: 250

Leading Crypto Sports Betting & Casino Platform

bitconnect is one of the biggest scams since I was in the crypto section and at that time I was a beginner, many people used to talk about it to invest there. but I got information from my friend not to take place in it, and finally bitconnect became really a scam and made many people lose. I was actually interested because they had good ratings in the ratings, but because I listened more to my more experienced friends, I avoided the project.

desticy

sr. member

Activity: 1512

Merit: 292

www.cd3d.app

It's amazing how scammers manage to make money out of thin air. In fact, they have no product, but manage to sell people non-existent things, in the hope of the latter on the growth of their investments exponentially.
The stronger the illusion, the more a person invests in this scam, and the longer he lives. But the end for all such projects is the same. It is strange that many people do not learn anything and continue to make the same mistakes as before.

mirgo1791

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Activity: 1022

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the project from developer might have with different terms of customs with technical compliance as investors to manage with use of supports as collecting the business intelligence from market and forum of developer to confronts of ideas as expecting returns on decision as disputing of funds on exchange with the ico or ieo scheme of funding scheme of the developers work on early terms.

cryp24x

sr. member

Activity: 1190

Merit: 253

Whatever it is, it is still a scam and it will affect the reputation of every project as well as the market. I guess we need to be very vigilant and we must warn newbies especially those who are investors to do some research first before they invest to a certain new coin which is not proven yet to be a good coin.

MWesterweele

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Activity: 1372

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Quote from: Ararbermas on December 26, 2019, 03:10:50 AM

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..

Yes, and it is too bad for those participants they have been joined the scam campaign, the scammer got billion from those innocent people, this scenario makes othe people makes doubt in bitcoin and other altcoin, because people started to stereotyping all of it. We should be aware and look for all the details on where we would put our investment.

mamesso

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Leading Crypto Sports Betting & Casino Platform

Quote from: crossabdd on December 25, 2019, 08:08:42 PM

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.

So many people are trapped while investing in the world of cryptocurrency, some even lost their cars because they were affected by large prizes offered. Fraud cases are very difficult to prevent in cryptocurrency, We must learn from experience so as not to get caught up in a scam project.
I totally agree with your suggestion, we better choose the top coin in coinmarketcap which has been proven safe and comfortable.

ajiz138

hero member

Activity: 1498

Merit: 785

Investors are now also afraid to go in and invest. Many ponzi and scam projects make them lose money, like bitconnect which you mentioned as an extraordinary project but eventually turned into a scam and made everyone disappointed.
Such projects will grow again under different names.
Bitcoin is also influenced by fake projects like this.

Bezobraznike

sr. member

Activity: 1274

Merit: 261

★Bitvest.io★ Play Plinko or Invest!

Quote from: ?? on ??

Here: https://azcoinnews.com/the-london-police-drop-4-billion-onecoin-investigation.html
https://azcoinnews.com/ponzi-cloud-token-project-was-disrupted-by-chinese-police.html

We have here some serious accusations against Chinese citizens, and government officials. And by the reading the article
there are so many arguments against them, after reading I'm sure they are guilty.
Now frauds are on different levels then before. Frauds are being organized by governments and organizations inside, a lot
of people is involved, looks like they covered everything, that's why so many people is scammed, they couldn't notice nothing.

Ararbermas

sr. member

Activity: 2016

Merit: 283

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..

GideonGono

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Activity: 2086

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★Bitvest.io★ Play Plinko or Invest!

Quote from: Ken_terrance on December 24, 2019, 10:49:39 AM

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.

starblocks

hero member

Activity: 1344

Merit: 502

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

crossabdd

legendary

Activity: 1316

Merit: 1145

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.

tenakha

hero member

Activity: 1470

Merit: 509

Quote from: naikturun on December 25, 2019, 04:52:59 PM

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.

Topic: The biggest crypto fraud of all time (Read 661 times)