Bitconnects price has dropped more than 87% to around $30 as the ponzi scheme that it is starts to unravel. It has discontinued service on most of its web.
After Texas and North Carolina issued legal warnings the people behind the huge pyramid scheme have started to pull the plug walking away with millions of dollars in bitcoin I should imagine.
I previously posted here to warn about this scam being 'based' just outside of London in an empty office. I say 'based' as it was just where the company had its Ltd company address.
As can be seen from the search of the UK companies house there are several 'bitconnect' companies and one that has changed it's name from bitconnect public ltd to bitcoin amr ltd with one of the same main directors THANNH HUY, Le Thi. In my opinion this company could be where all the bitcoin that's been stolen will be at least temporarily so anyone whose lost their bitcoin should probably look there
https://beta.companieshouse.gov.uk/search?q=bitconnect
These ponzi schemes are very often the same and I have been warning about this for a while. Hopefully people won't have lost everything
Well, it's at least nice that shit connect is starting to crumble. Shame it hadn't happened sooner. As as you said, I hope people weren't too affected by this sketchy coin.
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Such an obvious scam, and yet people keep falling for this stuff. Nice job reporting on this - maybe one day people will learn!
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Money gone now. People always go into fast profit system without understanding the risk. Too bad for those last investors.
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