BitConnect

Known Scam

Cryptocurrency Lending Scheme · First reported 2016

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2,600

Victims reported

1,750

Warnings filed

22%

Recovery rate

150,000

Max loss logged

About this scam

BitConnect operated an "exchange" and " lending" program that allegedly promised outsized daily returns generated by a supposed automated trading tool. Regulators including the Texas State Securities Board issued an emergency cease-and-desist in January 2018, alleging an unregistered, fraudulent scheme, and the platform collapsed shortly after, leaving investors unable to withdraw. The returns were widely described as unsustainable Ponzi-style payments. This entry reflects the regulator's public findings - see the linked notice.

Scam tactics used

Guaranteed daily "lending" interestPaid affiliate/YouTube promotersProprietary BCC token with no real valueWithdrawal freeze on collapse

Operating jurisdictions

United StatesUnited KingdomGlobal

How we can help with BitConnect

Cryptocurrency Fund RecoveryEnd-to-end recovery of cryptocurrency lost to scams, theft and fraudulent platforms - from tracing your funds on-chain to freezing them at exchanges and pursuing legal recovery or settlement.Blockchain ForensicsAdvanced blockchain analysis to trace cryptocurrency transactions, identify fraudsters, and build court-ready evidence across multiple chains.Investment Fraud RecoveryRecovery for victims of bogus investment schemes - from property and "guaranteed return" products to Ponzi and unregulated opportunity scams.

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Related scam entities

OneCoinCryptocurrency Ponzi & Pyramid SchemeKnown Scam

What to do about BitConnect

01Contact us first. Get a free fund-recovery assessment from our investigators. We investigate BitConnect and set out the practical steps to pursue your money.
02Share your evidence. Send us what you have - payments, screenshots and correspondence - and we organise it into a clear case file.
03Your bank. We help you pursue a recall or chargeback on the affected transfers.
04Regulators and authorities. Where it strengthens your case, we prepare and file the necessary reports with bodies such as the FCA and Action Fraud on your behalf.