Following months of red flags, Bitcoin investment platform BitConnect – which has long been suspected of running a Ponzi scheme – has officially announced its platform is shutting down.
In a blog post – titled “Changes coming for the Bitconnect [sic] system – Halt of lending and exchange platform” – released on its official website, the company said that is “closing the Bitconnect [sic] lending and exchange platform.” The website has since gone down.
“In short, we are closing lending service and exchange service while BitConnect.co website will operate for wallet service, news and educational purposes,” it ended.
Those interested to see the full statement can refer to a screenshot captured by independent Twitter sleuth @BCCPonzi, who has been documenting the investment platform’s shady business for months.
You can see more here in screenshot:
BITCONNECCCCCTTTTT!!!! ... i really hope,
that this guy is OK..
Stay tuned for my next post and follow me on @cryptomonitor
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Now the market is a bit cleaner ^^
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This was obviously an unsustainable business.
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This comment has received a 15.92 % upvote from @sleeplesswhale thanks to: @discernente.
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You got a 26.32% upvote from @yourwhale courtesy of @discernente!
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I saw that coming months ago lol
I hope Carlos is alright! :/
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Thank you very much for the useful informations
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We follow you as a group and learn a lot of information.Thank you
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I feel sorry for all the people that invested their money into this due to big youtubers. Crypto Nick in his video said he wondered how this was gonna come to an end, which indicates he knew this was going to happen sooner or later.
It's a shame he referred all of them just to enhance his own financial situation.
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Oh! My God, I saw this coming, but never expect it to come this soon.
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I keep on following you
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Thank you for the news and links
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This is unfortunate. Most people couldn't get their coins out in time because of the high volume of traffic to the site.
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There's 2 people on Youtube I trust when it comes to cryptocurrency.
And both of them said that Bitconnect might be a scam...
Enough for me to back out from that coin.
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Who ?
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Chase that Coin is the best!
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Omg just few days ago I saw a post about it been suspected as fake, I never gave such interest in it though.
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If anyone had invested on Bitconnect, I guess you gotta take your money out now before the coin blows-up. Most likely it will disappear in an hour or a couple of hours or a day or a couple of days or if its strong enough maybe a week or so. I guess you can check it yourself and investigate what's going on especially when you invested a lot on Bitconnect. In my opinion, those coins/tokens with affiliate programs attached to them would most likely end up in struggle and in the long run will fade away slowly by slowly.
All the top 25 coins/tokens on Coinmarketcap.com I'd seen lately have no affiliate programs attached to those coins/tokens. The top 26 is Binance with affiliate program attached to it as we all know. If Binance won't stop its affiliate program, it will not survive in the long haul in my opinion. Why? Its because many affiliates would take advantage of this program especially those experts in affiliate marketing. They would advertise like crazy even to the point of creating some fancy ads (sometimes over descriptive even to the point of not related to the company they're promoting) of any sort to get huge signups. How much more if the affiliate program has also an MLM attached to it, it will be much worse.
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Wassuuuup bitconneeeect!!!...man that was hilarious, I wonder what the referrals army on youtube will say about it.
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Surprised it took as long as it did to come to an end. It was pretty much being held together by... nothing. And once Bitcoin stopped going up and up and up, the wheels came off.
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I followed and thanks for info i had just started on bitconnect recently and I was wondering if other sites that have similar lending programs will also be shut down? Thanks again!
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Big news, thanks for sharing.
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Thanks for the review! Followed.
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Time to go back to the 9-to-5 job
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thanks, happy today
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BITCONNEEEEECCCCTTTT
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I hope that those that pushed bitconnect for so long on YouTube will no longer gain any foothold or anything that resembles a presence on social media.
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What a fall! 300 to to 20 wow!
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Wow! I had no idea that BitConnect was going off the map, thanks for the heads-up!
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