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- BitConnect is a Ponzi scheme, Ethereum and Litecoin founders warn
Posted by : Brij Bhushan
Friday, 1 December 2017
The cryptocurrency community is slowly but steadily growing more suspicious of BitConnect and its dubious business model. Crypto pioneers, including Ethereum founder Vitalik Buterin and Litecoin founder Charlie lee, have spoken up against the bullish Bitcoin investment platform, calling it a Ponzi scheme. Shortly after former Fortress Investment Group partner Michael Novogratz took to Twitter to share his opinion that BitConnect “really seems like a scam,” Buterin and Lee also chimed in to second the ex-hedge fund manager’s criticism. BitConnect really seems like a scam. an old school ponzi … bad actors hurt the community. period. #bitcoin #ether — Michael…
This story continues at The Next Web