Another crypto MLM scam closes shop leaving their "investors" nothing to show for it other than a their own useless cryptocoin. Bitconnect issued a statement today that they have chosen to cease operations due to "bad press" and oh... those cease and desist orders issued by 2 states.
Meanwhile they have pulled the ultimate bait and switch promissing to pay back all it's investors, but using their own bitconnect coin to do so, and they are valuing the coin 100% higher than it's market value. So for every $100 a person invested they will get back $50 IF... and this is a big IF the coin doesn't devalue before you can dump it.