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I tattooed my favourite crypto emblem on my arm – however I would like it eliminated after coin turned out to be a ‘Ponzi scheme’

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ONE crypto-lover who tattooed his favourite emblem on his arm now desires it eliminated after the coin turned out to be an alleged Ponzi scheme.

The picture of the tattoo was shared on imgur after which once more on Reddit.

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BitConnect has turned out to be a crypto scheme

A handful of crypto tattoos have been shared on these websites, however the BitConnect one has develop into extra of a joke in current weeks.

“It may very well be worse,” the Reddit submit title reads.

“You might be the man with the Bitconnect tattoo.”

“Individuals like this man have been so satisfied about it, they even obtained a tattoo of their emblem on their arm,” the submit reads.

Reddit customers are divided on whether or not crypto tattoos are price it.

“To be truthful, getting any crypto tattoo is a bit bizarre!,” one consumer commented.

In response, one other consumer wrote: “I agree however let’s say you’d’ve have purchased Bitcoin at it’s cent value.. I wouldn’t have thoughts having it tattooed on my brow, my chest and my butt.”

“Ooff that is a large cringe from me,” one other chimed in.

When BitConnect was at its top, in December 2017, many believed it was going to be the following massive crypto token.

Nevertheless, it got here crashing down and shut down completely in 2018.

The founding father of BitConnect was just lately indicted in a $2.4billion crypto scheme.

Satish Kumbhani, 36, of India, has gone absolutely off the grid within the wake of the indictment and has but to be formally served with a lawsuit.

In keeping with the US Division of Justice, Kumbhani is accused of deceptive traders concerning the cryptocurrency’s “Lending Program.”

He faces a handful of federal fees, together with fraud, cash laundering, conspiracy to commit commodity value manipulation, and operation of an unlicensed cash transmitting enterprise.

The case is being investigated by the FBI Cleveland Subject Workplace.

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