What is Bitconnect?

BitConnect’s core offering is a piece of Bitcoin price volatility software that makes Bitcoin investment decisions on behalf of the BitConnect community.

What is BitConnect and why was it shut down?

BitConnect is a lending platform that allowed users to trade their Bitcoins in exchange for the platform’s native token and earn interest in the process. BitConnect was ultimately shut down because the platform turned out to be a Ponzi scheme and thus wasn’t able to repay its investors. What Is BitConnect?

How long did Bitconnect last?

Bernie Madoff, one of the most famous Ponzi scheme runners, spent 17 years scamming people out of huge amounts of money, and ruining lives. Fortunately, BitConnect only lasted a fraction of this time. BitConnect didn't last for long, like many other major cryptocurrencies out there today.

Is Bitconnect a phony trading bot?

Arcaro admitted he fraudulently marketed BitConnect’s proprietary coin offering and digital currency exchange as a lucrative investment. He touted BitConnect’s phony “Trading Bot” and “Volatility Software” as guaranteed ways to make money on the volatility of cryptocurrency exchange markets.