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Cryptocurrencies: Last Week Tonight with John Oliver (HBO)Bitconnect was an open-source cryptocurrency in � that was connected with a high-yield investment program, a type of Ponzi scheme. The insolvent crypto lender may not have been as blatantly criminal as the infamous BitConnect pyramid scheme, but the parallels should have. � Under this program, Arcaro touted BitConnect's purported proprietary technology, known as the �BitConnect Trading Bot� and �Volatility.