QuadrigaCX CEO Set Up Fake Crypto Exchange Accounts With Customer…

4m
cryptonewmedia

Central Bank of Russia will Hold Bitcoin [BTC] Reserves Predicts…

5m
cryptonewmedia

Japan’s Line Reportedly Close to Obtaining FSA License for Japanese Crypto Exchange

6m
cryptonewmedia

Exchanges Are Exchanging In-House Tech With Service Providers?

12m
cryptodaily

Ace VPN Review: More Cons Than Pros?

17m
block

HideMyAss Review – Fast Speeds, but Privacy Concerns

18m
block

StrongVPN Review: Secure, No Logs VPN, but Some Drawbacks

19m
block

VPN Gate Review: Free VPN, but Privacy Issues

20m
block

Facebook’s Crypto Libra May Kill Launch in India, Its Biggest Market: Report

33m
cryptonewmedia

Electronics Giant Samsung Prioritizes Blockchain in 10-Year Roadmap

34m
cryptonewmedia

Can Facebook’s Libra Influence Bitcoin Price?

35m
cryptonewmedia

QuadrigaCX CEO Set Up Fake Crypto Exchange Accounts With Customer Funds

35m
coindesk

‘Dead’ CEO Cotten Embezzled Funds For Years

36m
cryptonewmedia

Bitcoin Price Rally Stalls as Open Futures Hit Record Highs

37m
coindesk

Former Circle Exec Joins Royal Bank Of Scotland To Front Fintech Project

42m
cryptodaily

Facebook’s Calibra Digital Wallet Will Not Be Available in Its Largest Markets

1h
cryptonewmedia

Italy will Use Blockchain and Fintech for Interbank Checks

1h
coinidol

PoPermissionless Blockchain Network Algorand Raises $60M in Token Auction

1h
cryptonewmedia

‘We Don’t Deal in the Speculative’

1h
cryptonewmedia

Russian Hackers May Be Responsible for Coincheck Heist

1h
cryptonewmedia

Crypto Market Showing Positive Signs: Bitcoin Cash, EOS, TRX, ADA Analysis

1h
cryptonewmedia

Tyler Winklevoss: “If Bitcoin Breaks 10k, You Can Bet It’s Going To Break 15k”

1h
cryptodaily

QuadrigaCX Update: ‘Dead’ CEO Cotten Embezzled Funds For...

1h
bitcoinist

IBM Launches Upgrade of their Blockchain Platform

2h
coinidol

Japanese Agency Claims 170% Increase in Crypto-related Inquiries in 2018

2h
bitcoinnews


Scam Alert: Bitconnect ‘2.0’ Claims Binance Listing for...

bitcoinist

1mon ago

Esther Kim | May 20, 2019 | 05:00

The return of notorious cryptocurrency ponzi scheme Bitconnect is closer than ever, its mysterious organizers claim after revealing a July launch date.

A fresh tweet from the Twitter account of the so-called ‘Bitconnect 2.0’ May 18 confirms the scheme is set to debut – again – on July 1.

Not only that, but true to the style of deception for which the original Bitconnect became known, a fake exchange partnership has already surfaced.

The owner of the Twitter account added prospective investors can purchase tokens on major cryptocurrency exchange Binance – when in fact this is simply a lie.

“Welcome everyone back to Bitconnect 2.0[.] We will launch Bitconnect2.0 on July 1st,” the post reads.

Welcome everyone back to Bitconnect 2.0 We will launch Bitconnect2.0 on July 1st visit our website for more Infoshttps://t.co/xKJ10yeYoP

— Bitconnect2.0 (@Bitconnect2_0) May 18, 2019

Despite claiming further information is available on its ‘official’ website, the social media activity remains the only hint of the impending plans. The site consists only of a sign-up form for updates, a countdown timer and a duplicate of the Twitter feed.

Beyond the assumed launch date, however, the operations of the latest incarnation of Bitconnect remain a mystery.

As Bitcoinist reported, the original Bitconnect – ostensibly an exchange and lending platform – crashed in January 2018 after it became sufficiently known the company was fraudulent.

Formerly something of celebrity meme in the crypto space, thanks mostly to events speaker Carlos Matos, the mood turned sour as Bitcoin came off its all-time highs of $20,000.

Investors saw the value of their Bitconnect tokens drop to virtually nothing in minutes, with cryptocurrency industry figures lamenting that those without experience were still easy targets for scammers.

Criminal proceedings followed, yet it remains unclear whether Bitconnect 2.0 has any relation to its predecessor beyond sharing a name.

On social media, reactions overwhelmingly focused on issuing warnings not to interact with the scheme, even if it should succeed in offering new tokens. Others noted the Bitconnect.io domain name will expire before the alleged launch date.

Binance and CEO Changpeng Zhao (known as CZ) have yet to comment on the Twitter account’s claims of a partnership.

Another entity meanwhile is attempting to gather members for a Bitconnect community on messaging platform Discord, participants already numbering close to 500.

Bitconnect’s resurgence comes in line with the renaissance seen throughout Bitcoin and altcoin markets. Equally poetic is the timing following on from the ‘death’ of fellow ponzi scheme OneCoin, the founders of which spent years accruing around $4 billion.

Now subject to legal action, OneCoin nevertheless succeeded in fooling the public to hand over huge amounts of money, despite warnings from various governments and associated watchdogs.

What do you think about Bitconnect 2.0? Let us know in the comments below!

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments