{"id":461829,"date":"2021-04-21T12:00:59","date_gmt":"2021-04-21T12:00:59","guid":{"rendered":"https:\/\/uniquehot.com\/?p=461829"},"modified":"2021-04-21T09:10:59","modified_gmt":"2021-04-21T09:10:59","slug":"crypto-youtuber-draws-parallels-between-safemoon-and-bitconnect","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/crypto-youtuber-draws-parallels-between-safemoon-and-bitconnect\/","title":{"rendered":"Crypto YouTuber Draws Parallels Between SafeMoon and Bitconnect"},"content":{"rendered":"

Popular crypto YouTuber Lark Davies<\/a> tweeted a warning over the new Binance Smart Chain project SafeMoon. He likened its rising popularity to the now-defunct Bitconnect scam, saying the euphoria of gains is blinding users to “the obvious.”<\/p>\n

Bitconnect<\/a> arrived on the scene in 2016, promising high returns for holding, trading, lending, and mining its BCC token. But things began unraveling in January 2018<\/a> when Texas and North Carolina regulators issued a cease and desist order. Bitconnect has earned a place in history as one of cryptocurrency’s biggest scams. But, is Davies right to lump SafeMoon in with the same company?<\/p>\n

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Bitconnect was for a brief moment a top 10 #crypto<\/a>, the people making money did not want to accept it was a ponzi, they made every excuse to justify it, and attacked anyone who stated the obvious. <\/p>\n

Then it rug pulled and everyone lost big time. #safemoon<\/a> is no different.<\/p>\n

— Lark Davis (@TheCryptoLark) April 21, 2021<\/a><\/p><\/blockquote>\n