UPDATE: It appears people are being paid out in Bitconnect Tokens, which have now gone down about 90% in value; I guess that's how the scam worked. Have enough Bitconnect Tokens To Cushion Yourself To Pay New Investors. Someone correct me if I'm wrong, but it makes sense; they wait until the price of Bitconnect is VERY HIGH, then they pay out investors as it begins to lower, ensuring they have enough Bitconnect to cover the promised interest over time. Sorry to everyone who lost money.
The End for Bitconnect.
The single largest Lending Platform in the Crypto World (millions upon millions upon millions of dollars) has just announced:
"“We are closing the lending operation immediately with the release of all outstanding loans,” the statement read. “With release of your entire active loan in the lending wallet we are transferring all your lending wallet balance to your BitConnect wallet balance at 363.62 USD [sic].” (https://thenextweb.com/hardfork/2018/01/16/bitconnect-shut-down-closed/)
They say this is due to cease and desist letters, DDoS attacks, and bad press. I was not invested in this at all, but I'm wondering who has withdrawn yet; are withdrawals working effectively right now for users who are in it?
AS ALWAYS, WISHES OF WEALTH AND HEALTH FOR ALL! :)