BitConnect
Rug PullLending · $BCC · born 2016 · ✝ 2018
A 'trading bot' that only ever printed new investors.
A lending program promising ~1% daily returns via a mythical trading bot. It was a textbook Ponzi that collapsed in 2018.
- Peak
- $2.6B market cap
- Cause
- Rug Pull
- Year of death
- 2018
☠️ Cause of death
There was no bot. Returns were paid from new deposits until inflows stopped and the token went to zero.
📓 Lessons left behind
- —Guaranteed daily returns are a confession.
- —Referral-tiered yield is a pyramid signal.
- —If you can't see the strategy, you are the strategy.
🌱 The idea that survived
Auditable yield strategies
On-chain vaults (Yearn, Morpho) expose exactly where yield comes from — no faith-based trading bots required.
#ponzi#scam#yield