BitConnect ICO (2016): Sale History, Figure & Outcome
BitConnect was a lending platform operating its own blockchain in 2016. The project raised USD 2.4 billion through a fraudulent scheme before collapsing in 2018.
| Token | BitConnect (BCC) |
|---|---|
| Sale year | 2016 |
| Category | lending ponzi (fraud) |
| Chain | BitConnect |
| Documented figure | $2,400,000,000 |
| Outcome | failed |
| Data tier | 1 — hand-verified |
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What the record shows
The record describes BitConnect as a Ponzi scheme marketed as a lending program that operated from 2016 to 2018. Its token lost 92% of value in a single day when the scheme collapsed. The founder faced indictment while a key promoter admitted guilt in court proceedings.
Era context: the genesis years (2013–2016)
This fraud emerged during the Genesis Years when token sales first gained traction. The period saw experimental fundraising models, including Ethereum's successful 2014 sale that built infrastructure later used by projects like BitConnect. The era ended with The DAO's failure demonstrating how code vulnerabilities could jeopardize funds.
This sale is one of the 20 entries in our The Genesis Years (2013–2016) era archive, part of the complete history of crypto presales — a sourced dataset where every figure links to the page that shows it.
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More from this era
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Sources
- https://en.wikipedia.org/wiki/Bitconnect
- https://www.justice.gov/usao-sdca/pr/founder-fraudulent-cryptocurrency-charged-2-billion-bitconnect-ponzi-scheme
This page is historical research built from a sourced dataset — not a recommendation to buy anything. Token sales are high-risk. Money figures appear only where the cited source shows one. Corrections with sources: support@bmic.ai.