News SEC: BitConnect Scammed Investors Out of $2 Billion With Fake Crypto Trading Bot

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The SEC accused BitConnect of defrauding retail investors out of $2 billion with a scam involving a fake crypto trading bot.

SEC: BitConnect Scammed Investors Out of $2 Billion With Fake Crypto Trading Bot : Read more

 

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The greatest thing about crypto for fraudster is that trades are mostly irreversible. Once fraudsters have managed to cheat/trick/hack/ransom you out of your crypto or convert your cash into crypto and transfer it to anonymous wallets, most of it is very likely gone forever even if the crooks get arrested and convicted..