Some of you may have heard of Bitconnect. You saw there videos on YouTube, people making Six Figures from it. A post from there website today with some sad news. Let's hope everyone including myself gets our money back. The popular lending platform got served some with cease and desist letters. It allowed people to turn $100 investment and possibly make tons by adding referrals. As of today they are stopping their lending operations.
According to their post on their website https://bitconnect.co/system-news/94/changes-coming-for-the-bitconnect-system-halt-of-lending-and-exchange-platform/
"The reason for halt of lending and exchange platform has many reasons as follow:
The continuous bad press has made community members uneasy and created a lack of confidence in the platform.
We have received two Cease and Desist letters, one from the Texas State Securities Board, and one from the North Carolina Secretary of State Securities Division. These actions have become a hindrance for the legal continuation of the platform.
Outside forces have performed DDos attacks on platform several times and have made it clear that these will continue. These interruptions in service have made the platform unstable and have created more panic inside the community."
They want to focus more on their Bitconnect Coin now and see what options they have. Some people invested their life savings into this platform. Let's hope there is a solution for us all ASAP! Some people say ponzi scheme and now the way this played out, most definetly seems like it.
On that note Bitconnnnneeeeeeect lol
