Bitconnect Flagrant Error? Nothing Is Ruined

The Steemit community is all abuzz this morning about the hack and flash crash of Bitconnect which up until yesterday was AGAIN approaching the top 10 in market value of alt coins.

I must say, Bitconnect has been hard at work shoring up their defenses in the past month installing DDOS protections and flash crash circuit breakers to prevent anonymous sources from buying up large quantities of BCC and selling off. Sell offs like these create panic selling and its the same tactic used on wall street to destroy targeted stock...pump then dump. However these installed counter measures are the sign of a scam. They signal to investors that this company is planning on being here for a long time and for me at least, it builds my confidence of the platform.

Brilliantly Bitconnect has been implementing these countermeasures. But alas, a hacker found a vulnerability and exploited it and there may have been some losses to those who kept BCC in wallets on the exchange. How many times have people said not to keep coins on an exchange? The details are still sketchy but the site is back up.

Who was behind the hack? My guess would be the wall street banking cartels. This aggression will not stand,man!