Bit connect, not to be confused with bit coin, introduced a new crypto currency in an attempt to revolutionize the industry. The platform promised to take your coins and invest them using a volatility software. By putting anywhere between ten thousand to a hundred thousand us. Dollars, you could make upwards of forty % a month,. plus point two five percent daily. Soon enough, the company went bust. And three years on, since the debicl us, regulators are now finely charging bit connect founders, satis cumbani and glen arcaro with wire fraud.