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Crypto CEO Accidentally Describes Ponzi SchemeCryptocurrencies, like Bitcoin, Ethereum, and others, are not inherently a scam, Ponzi scheme, or casino. Cryptocurrencies are a new and. Bitconnect is an example of a crypto Ponzi scheme. The fraudulent platform promised returns on Bitcoin of up to 40% per month, requiring investors to exchange. Cryptocurrencies like Bitcoin work the same way as Ponzi schemes, according to critics like Roubini and Quinn, with new investors paying out.
