Tag: ponzi

Beware of EvoCrypto as it is Likely a Ponzi Scheme

In the cryptocurrency industry, finding legitimate investment opportunities can be extremely challenging. EvoCrypto is one of those platforms best left ignored. Everyone in the crypto industry wants to make some money. EvoCrypto Seems to be Another Ponzi Scheme The less effort such a project requires, the better. In the real world, there is no such thing as a free lunch. Any platform promising very high returns is best left avoided. …
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MIGS Is Another Honest Ponzi-Style Ethereum ICO

Over the past few months, we have seen quite a few interesting ICO projects which are unlike what anyone would expect. These so-called transparent Ponzi ICOs have made quite an impact on the market, although it seems quite a few people are still investing in them as of right now. MIGS is another one of those “honest” ICOs which tries to get a point across. The MIGS ICO in a …
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Did BitConnect Shutdown Merely Redirect Funds?

Shortly after receiving cease-and-desist letters from the State of Texas and North Carolina, BitConnect (BCC) discontinued its lending platform, effectively shutting down the Ponzi scheme and leaving investors with stacks of worthless BCC tokens as compensation for their dollars lost. When BitConnect announced the shutdown, the coin instantly dropped 90%¬†and has since continued to depreciate. While this was great news for the majority of investors that recognized the nature of …
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Ponzi Scheme BitConnect Plummets 90%

For naive investors who invested in BitConnect (BCC), today¬†featured an exponentially bigger loss than the general cryptocurrency downtrend. After discontinuing its “lending” program, BCC instantly plummeted over 90% from the day’s high, dropping from over US$330 to a low of just under US$20. While most of the community had warned about the blatant scam represented by BitConnect’s lending program, the Ponzi still rose to a market cap of almost US$3 …
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