Bitconnect Cryptocurrency: The Rise and Fall of a Crypto Empire

Fouad Sabry

Aug 2025 · One Billion Knowledgeable

Ebook

215

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About this ebook

Delve into the complex world of cryptocurrency crime with "Bitconnect," the first book in the "Cryptocurrency Crime" series by Fouad Sabry. This comprehensive work provides an indepth exploration of notorious cryptocurrencyrelated crimes, their perpetrators, and the ripple effects on the global financial ecosystem. Perfect for professionals, students, and anyone passionate about understanding the intersection of digital currency and crime, this book offers a unique lens to view the risks and rewards of the cryptocurrency space.

Chapters Brief Overview:

1: Bitconnect: Examines the infamous Bitconnect Ponzi scheme, a colossal fraud that left thousands of investors with heavy losses.

2: Quadriga (company): Explores the mysterious collapse of QuadrigaCX, one of Canada's largest cryptocurrency exchanges.

3: Cryptocurrency: Discusses the rise of cryptocurrency as an alternative financial system and the challenges it faces.

4: Digital Currency Group: Investigates the influential Digital Currency Group and its role in the cryptocurrency market.

5: PlusToken: A deep dive into the PlusToken scam, a massive Ponzi scheme that defrauded investors globally.

6: Cryptocurrency bubble: Analyzes the volatility of cryptocurrency markets and the factors that trigger bubbles and crashes.

7: USI Tech: Looks into USI Tech, a company that promised high returns but ended up in controversy and legal battles.

8: Ponzi scheme: Breaks down the mechanics of Ponzi schemes, using cryptocurrency as a vehicle for deception.

9: Erik Voorhees: Covers the life and controversies surrounding Erik Voorhees, a key figure in the crypto world.

10: Three Arrows Capital: Investigates the downfall of Three Arrows Capital, a hedge fund heavily involved in cryptocurrency.

11: Terra (blockchain): Reviews the dramatic collapse of Terra, a stablecoin platform, and its global financial impact.

12: Coinbase: Provides an overview of Coinbase's rise as one of the most popular cryptocurrency exchanges in the world.

13: Gemini (cryptocurrency exchange): Focuses on Gemini, one of the few exchanges that gained regulatory approval and maintained transparency.

14: Cryptocurrency and crime: Explores the inherent link between cryptocurrencies and crime, from scams to money laundering.

15: Initial coin offering: Discusses Initial Coin Offerings (ICOs), their promise, and the dark side of unregulated fundraising.

16: Genesis (cryptocurrency company): Details the rise and fall of Genesis, a crypto lending firm that became entangled in financial misconduct.

17: Bitfinex: Investigates Bitfinex, a major exchange at the heart of many controversial events and market manipulations.

18: Cryptocurrency in Nigeria: Explores the rapid adoption of cryptocurrency in Nigeria and the associated challenges.

19: Amit Bhardwaj: Highlights the rise and eventual legal troubles of Amit Bhardwaj, a notorious figure in the crypto fraud landscape.

20: Celsius Network: Covers the downfall of Celsius Network, a cryptocurrency lending platform that filed for bankruptcy.

21: Owen Simonin: Discusses Owen Simonin’s impact on the crypto world, both as an influencer and a subject of legal scrutiny.

This book is more than just a chronicle of fraud and financial collapse—it's an essential read for anyone looking to understand the complexities of cryptocurrency crime. Whether you're a professional, student, or simply a hobbyist, "Bitconnect" provides critical insights that will enhance your understanding of the risks involved in digital currency.

About the author

Fouad Sabry is the former Regional Head of Business Development for Applications at HP. Fouad has received his B.Sc. of Computer Systems and Automatic Control in 1996, dual master’s degrees from University of Melbourne (UoM) in Australia, Master of Business Administration (MBA) in 2008, and Master of Management in Information Technology (MMIT) in 2010. Fouad has more than 30 years of experience in Information Technology and Telecommunications fields, working in local, regional, and international companies, such as Vodafone and IBM. Fouad joined HP in 2013 and helped develop the business in tens of markets. Currently, Fouad is an entrepreneur, author, futurist, and founder of One Billion Knowledge (1BK) Initiative.

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