The U.S. Supreme court ruled to freeze the funds of cryptoprocta BitConnect

A US court has imposed a temporary ban on the account cryptocurrency project BitConnect, according to which all the company's assets will be frozen. It was a response to is the second class action lawsuit filed against the company, according to Coindesk.

The decree requires the defendants to disclose the address of the crypto wallet and trading accounts BitConnect, as well as the identities of all to whom the company sent digital assets within the last 90 days.

The defendants have 10 days in execution of the order. In addition, BitConnect International PLC, BitConnect LTD, BitConnect Trading LTD and Ryan Maasen is prohibited to transfer any assets without the permission of the court.

Note, on the eve of an American resident of Kentucky Brian Paige filed a lawsuit against BitConnect International, LTD BitConnect, BitConnect Trading LTD and Ryan Maasen, a resident of Oklahoma, who was involved in the promotion of the project.

Paige demands to pay damages for all investors who lost money after the closure of the crypto currency exchange and lending programme under pressure from the regulators of the States of Texas and North Carolina. Course coins BCC has fallen by 98.8 per cent from an all-time high reached in December, and currently stands at about $6.

Ultimately, the court decided that the plaintiffs will have no chance to recover their funds, if the assets BitConnect will not be frozen, a temporary ban was imposed "in the public interest because the public interest in preventing massive fraud and other violations of securities laws".

"Temporary ban imposed without notice to the defendants to maintain the status quo and prevent irreparable harm until, until the court can hold a hearing", — stated in the materials of the case.

We will remind, on Wednesday, January 24, six people also filed a lawsuit against cryptocurrency project in BitConnect court for the southern district of Florida on behalf of all investors demanded their money back. The plaintiffs are convinced that the company had violated the securities act of the United States, placing on the market of unregistered shares, and also accuse representatives BitConnect in creating "massive Ponzi scheme".