Alert!!! Alert!! Ethconnect, another crypto lending platform shutdown its business taking millions of dollars from its investors.
Now-a-days crypto lending platform is very much profitable in the highly volatile crypto market. Thousands of people are getting attracted towards lending platform for the attractive daily interest rate (avg of 1% daily). Attractive affiliate program is also another way of making more profits without which these lending platform won't be able to survive.
Few days ago, Bitconnect shutdown it's business by looting thousands of millions of USD from its investors worldwide. Many people suffered from heavy financial losses.
Similarly Ethconnect was also playing a ponzy scheme with the help of its promoters. Ethconnect was trying to attract more investors across the world by providing similar daily returns to its investors. Finally, Ethconnect flee away with all of the investors hard earned money.
Davor, Homeblockchain are also some examples of crypto lending companies currently operating their business.
Recommending everyone not to invest in any crypto lending platform.
Thanks