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Scam Showdown: What Happened After Bitconnect’s Exit?

Earlier in the year, during the last minute of the cryptocurrency hype, we reported on the demise of the popular MLM lending platform Bitconnect.

Despite the warnings, thousands of investors lost their money, with little to no hope of any refund or return of the lending website. This served as a cold but vital lesson to people and came at a time where regulations on cryptocurrencies became a primary focus for governments and regulating bodies.

In the aftermath of Bitconnect’s exit, famous Ponzi promoters began to exit in droves, deleting videos and online evidence and leaving their followers in despair without any guidance. This prompted a class action lawsuit against Bitconnect by investors seeking compensation.

Law firm Silver Miller filed the lawsuit, and claimants state Bitconnect was issuing digital tokens that were unregistered securities.

YouTube Dragged Into Bitconnect Lawsuit! Are They Partially to Blame? 

People who lost money by participating in the Bitconnect scheme must also accept responsibility for their actions, but sites such as YouTube failed to protect their users as well…

Is YouTube Partially to Blame for Bitconnect’s Popularity? Find out here >>> https://crushthestreet.com/articles/digital-currencies/youtube-dragged-bitconnect-lawsuit-partially-blame