Fernando1988

Red envelopes are here 🧧🧧🧧🧧
Interest rate cut expectation of 25 basis points. A dovish tone with a hint of hawkishness, the market has mixed feelings.

The BitConnect scam was a classic cryptocurrency Ponzi scheme that ran from 2016 to 2018, involving an amount of $2.4 billion and affecting investors from 95 countries.

The founders, Satish Kumbhani and others, created the cryptocurrency lending platform BitConnect, fabricating the concepts of "exclusive trading bots" and "volatility software." They claimed that once investors deposited their funds with the platform, this system could profit by capturing fluctuations in the cryptocurrency market, also promising daily interest of about 1% and monthly interest of up to 40% in compound returns, thus attracting a large number of investors. In the investment process, investors needed to first transfer Bitcoin to a wallet controlled by the platform, exchange it for the platform-issued BCC tokens, and then "lend" them to the platform to obtain the so-called "returns."

Investigations confirmed that the platform had no trading technology capable of delivering high returns, and the so-called trading bots were merely a facade for the scam. Its essence was to use the funds from new investors to pay the "returns" to old investors, while the team would also manipulate the price of BCC tokens, creating a false impression of high demand for the tokens and the reliability of the investment. During this time, the price of BCC tokens once soared to over $400, and the platform's peak market value reached $3.4 billion.

In early 2018, the Texas Securities Commission and regulators from multiple countries noticed anomalies, issuing an emergency ban on the platform and launching an investigation. In January of the same year, the platform was forced to suddenly shut down its core lending operations, leading to a 92% plunge in the price of BCC tokens within 24 hours, with its market value evaporating by $2.6 billion, causing countless investors to suffer heavy losses.

After the scam was exposed, those involved were pursued globally. Glenn Arcaro, a major promoter in the U.S., was sentenced to 38 months in prison and ordered to compensate 800 victims with $17 million; founder Satish Kumbhani was indicted by the U.S. Department of Justice in 2022 but remains at large. In February 2025, the Indian Enforcement Directorate seized $198 million in cryptocurrency and some cash, luxury cars, and other assets related to the scam, but a significant amount of investor losses worldwide have still not been recovered. Additionally, the scam has triggered multiple class-action lawsuits and has prompted improvements in subsequent cryptocurrency regulatory rules in various countries.

If you missed the last major meme coin moonshot, you won't want to miss the #HAWK take off. Community driven projects outperform every time.

​Tap in, load up, and let's push #HAWK to a new ATH

Buy: pancakeswap.finance/swap?outputCur…
#bnb #ASTER #Hawk

🧧 Scan to join the Frog 🐸 family group, sending red envelopes every day, sharing the latest wealth information #加密市场反弹 $BTC

🧧GM！Thanks for following！Stay alive and you will be rich！

$BTC $ETH $SOL
#RedpecketReward #redboxgift #REDPECKET #redgiveaway #redpackt

Next week's schedule is very optimistic!

Monday → QE begins
Tuesday → Inflation expectations
Wednesday → Federal Reserve rate cut
Thursday → Federal Reserve balance sheet release
Friday → Jerome Powell resigns

The largest bull market in history is about to start next week!

Tonight I prepared a surprise for everyone, send 1 to receive #ETH走势分析

The Little God of Wealth spot exchange group chat has been opened 🤝

Click the yellow text below 【Quick Join Group】 to join the group chat

Click on the right 👉 【快速入群】

Or use Binance to scan the QR code below to join the group chat