The cryptocurrency community is slowly but steadily growing more suspicious of BitConnect and its dubious business model. Crypto pioneers, including Ethereum founder Vitalik Buterin and Litecoin founder Charlie lee, have spoken up against the bullish Bitcoin investment platform, calling it a Ponzi scheme.
Shortly after former Fortress Investment Group partner Michael Novogratz took to Twitter to share his opinion that BitConnect “really seems like a scam,” Buterin and Lee also chimed in to second the ex-hedge fund manager’s criticism.
While this marks the first time Lee has shared his thoughts on BitConnect, Buterin had previously expressed skepticism about the Bitcoin lending platform on other occasions.
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