Bitconnect continues....sort of

There have been a big update on the whole Bitconnect drama

They just stated that they will buy the tokens for 150$ but only in their ICO.

So you are forced to take a major loss or continue with them.

They force "sold" you the token for 363.62 USD and now offering to buy it back at less then half the price under the condition to join the ICO....

Of course they could blame the people that they dumped their tokens and that is what caused the price to free fall but what would you expect if you make a coin useless?

They are counting on the community to keep supporting them.

I dont know what to make out of all this to be honest.

Are they trying to keep that thing going in a more legit way?

As their new project seems to be a normal exchange afaik.

So the offer is only on the table for non US residents.

I can see that this thing is coming back in kind of forced network effect as so much money is involved in this, that people will accept this.

So far I cant login into their new site and as they try to clean their image as it seems before there has nothing happend I would not trust them.

You can read the statement here