In what appears to be an attempt to cover their tracks, admins of the popular BitConnect Reddit have set the discussion forum to private.

Prior to the decision, discussion on the BitConnect Reddit raised the prospect of admins being held legally accountable for promotion of a Ponzi scheme.

As above, most of the content in the Reddit was in relation to BitConnect’s collapse. A mixture of disbelief, BitConnect investors sharing how much they’ve lost and those who didn’t invest reveling in their misfortune.

Elsewhere on the internet other BitConnect ringleaders are also attempting to downplay their role in the promotion of the scam.

On YouTube BitConnect’s top promoters are CryptoNick, Craig Grant and Trevon James.

Following BitConnect’s collapse CryptoNick uploaded a short video, most of which is just him reading out BitConnect’s collapse notice verbatim.

After using the claim he’s a “17 year old bitcoin millionaire” to heavily promote BitConnect to his 176,000 subscriber-base, CryptoNick failed to take any responsibility for his role in the scheme.

It’s official guys, BitConnect is closing down. This platform has been amazing.

I’ve always wondered if or how this website was eventually going to come to an end.

It’s been great, y’know 1% every single day on average.

CryptoNick goes on to dispute BitConnect’s anonymous admins are “exit-scamming”, by claiming they are returning everyone’s investment back in BCC points.

Trouble is BCC is and always has been worthless.

And that couldn’t be more painfully obvious for BitConnect affiliates now that the Ponzi side of the business has collapsed.

BitConnect’s admins and top promoters like CryptoNick have been making 
bitcoin
off of gullible investors for months.

Dumping a bunch of pre-generated BCC points onto the affiliate-based as a representation of returning money is a con.

I honestly can’t believe this happened guys.

Um, like I said, it’s been a great platform and it’s officially coming to an end.

It’s official, it’s coming to an end but we are going to get our money back.

So that’s really all I have for you guys today.

Tellingly, CryptoNick disabled comments for his BitConnect collapse video.

Trevon James fired up a livestream when he learnt BitConnect had collapsed.

Simply titled “you win”, throughout the stream James cops a wave of abuse and criticism over his YouTube promotion of BitConnect.

People want to blame me for, y’know, I guess their loss … you didn’t get a loss, you got your money back.

At least they (BitConnect’s owners) didn’t just disappear like every other platform.

You got your money back. you just didn’t get it in the coin you wanted.

And everyone’s panicking and selling and making the price go down. Tough luck.

James spends much of the stream reading comments and responding to them. At one point James even dares viewers (who have presumably lost money in BitConnect) to sue him.

You’re gunna sue me? Fuckin’ sue me man.

Sue me for what? What are you going t

🤖 Quick Answer

What actions did BitConnect Reddit administrators take following the platform's collapse?
BitConnect Reddit administrators set the discussion forum to private, apparently to limit access and prevent further public discourse about the scheme's collapse and potential legal accountability of admins involved in promoting the platform.

Who were the primary promoters of BitConnect on YouTube?
The main BitConnect promoters on YouTube were CryptoNick, Craig Grant, and Trevon James, who actively marketed the platform before its eventual collapse and subsequent attempts to downplay their promotional involvement.

What types of discussions emerged on BitConnect Reddit before going private?
Reddit discussions included investor testimonies about financial losses, expressions of disbelief regarding the collapse, commentary from non-investors, and concerns about potential legal liability for administrators involved in promoting the scheme.

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