I tattooed my favorite crypto logo on my arm – but I want it removed after coin turned out to be a 'Ponzi scheme'

ONE crypto-lover who tattooed his favorite logo on his arm now wants it removed after the coin turned out to be an alleged Ponzi scheme.

The image of the tattoo was shared on imgur and then again on Reddit.

A handful of crypto tattoos have been shared on those sites, but the BitConnect one has become more of a joke in recent weeks.

"It could be worse," the Reddit post title reads.

"You could be the guy with the Bitconnect tattoo."

"People like this guy were so convinced about it, they even got a tattoo of their logo on their arm," the post reads.

Reddit users are divided on whether crypto tattoos are worth it.

"To be fair, getting any crypto tattoo is a bit weird!," one user commented.

In response, another user wrote: "I agree but let’s say you would’ve have bought Bitcoin at it’s cent price.. I wouldn’t have mind having it tattooed on my forehead, my chest and my butt."

"Ooff that's a massive cringe from me," another chimed in.

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When BitConnect was at its height, in December 2017, many believed it was going to be the next big crypto token.

However, it came crashing down and shut down permanently in 2018.

The founder of BitConnect was recently indicted in a $2.4billion crypto scheme.

Satish Kumbhani, 36, of India, has gone fully off the grid in the wake of the indictment and has yet to be formally served with a lawsuit.

According to the US Department of Justice, Kumbhani is accused of misleading investors about the cryptocurrency's “Lending Program.”

He faces a handful of federal charges, including fraud, money laundering, conspiracy to commit commodity price manipulation, and operation of an unlicensed money transmitting business.

The case is being investigated by the FBI Cleveland Field Office.

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