[SCAM]BitConnect is shutting down its lending and exchange platform

[vit05]

https://thenextweb.com/hardfork/2018/01/16/bitconnect-shut-down-closed/

Following months of red flags, Bitcoin investment platform BitConnect – which has long been suspected of running a Ponzi scheme – has officially announced its platform is shutting down.

In a blog post – titled “Changes coming for the Bitconnect [sic] system – Halt of lending and exchange platform” – released on its official website, the company said that is “closing the Bitconnect [sic] lending and exchange platform.” The website has since gone down.

The statement goes on to suggest that BitConnect will now operate solely “for wallet service, news and educational purposes.”

“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].”

This rate has been calculated based on last 15 days averages of the closing price registered on coinmarketcap.com,” it continued. “You are free to withdraw your BitConnect coin currently in QT wallets that was used for staking as well. We are also closing BCC exchange platform in [five] days.”

“In short, we are closing lending service and exchange service while BitConnect.co website will operate for wallet service, news and educational purposes,” it ended.

Those interested to see the full statement can refer to a screenshot captured by independent Twitter sleuth @BCCPonzi, who has been documenting the investment platform’s shady business for months.


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1715067485

[vit05]

Finally, we will see some Scam project go from top20 to ZERO in less them one week. This is great for the cryptocurrency and to anyone that believes in a new economic system. We need that more scam projects fail.

[tk808]

Finally, we will see some Scam project go from top20 to ZERO in less them one week. This is great for the cryptocurrency and to anyone that believes in a new economic system. We need that more scam projects fail.

XRP is on the chopping block next, for manipulation and collusion.

[hosseinimr93]

This is exactly what many experts and experienced persons in cryptocurrecies had predicted. Finally it came to true.

[marks1976]

This is exactly what many experts and experienced persons in cryptocurrecies had predicted. Finally it came to true.

Just the matter until another similar ponzi coin just like bitconnect such as regal coin and hextra will be doing the same as what already did by bitconnect in the future, I've warned those are using bitconnect service in so many times. My hope that they can learn a lot from there to not believe with such ponzi coin just like bitconnect.

[MoonIsBlue]

This is exactly what many experts and experienced persons in cryptocurrecies had predicted. Finally it came to true.

Anyone could have predicted this, everyone did predict this. No need to be an expert or veteran...

[Johnnywelsh]

Next ones to tank will be Tether, TRX, Cardano and XRP. The first because it's a scam and the last 3 because people were only buying into them because of hype. Wouldn't be surprised if EOS fell off from top 50 as well since it still doesn't even have a product and is worth nearly 6 billion? Lol

*Enters the dragons den*

Hi, I'd like to sell a crypto currency made by a great developer, it hasn't started yet and no one knows what it'll look like but we promise it'll be great.
Dragon: Ok what assurances are we going to get and how much do we need to invest for a stake?
Me: I'll give you 10% for 600million, you'll get some magic tokens until we actually make something. Until then you can trade your tokens with others!
Dragon: What if no one else wants to buy the tokens because they're not tied to any actual business model or product?
Me: Lalallalalaa I can't hear you Hype hype hype just buy it

[Cicada1033]

Next ones to tank will be Tether, TRX, Cardano and XRP. The first because it's a scam and the last 3 because people were only buying into them because of hype. Wouldn't be surprised if EOS fell off from top 50 as well since it still doesn't even have a product and is worth nearly 6 billion? Lol

*Enters the dragons den*

Hi, I'd like to sell a crypto currency made by a great developer, it hasn't started yet and no one knows what it'll look like but we promise it'll be great.
Dragon: Ok what assurances are we going to get and how much do we need to invest for a stake?
Me: I'll give you 10% for 600million, you'll get some magic tokens until we actually make something. Until then you can trade your tokens with others!
Dragon: What if no one else wants to buy the tokens because they're not tied to any actual business model or product?
Me: Lalallalalaa I can't hear you Hype hype hype just buy it

Totally agree.

So glad right now that I have 70% of my porfolio in BTC and NEO.

[strickland]

https://thenextweb.com/hardfork/2018/01/16/bitconnect-shut-down-closed/

Following months of red flags, Bitcoin investment platform BitConnect – which has long been suspected of running a Ponzi scheme – has officially announced its platform is shutting down.

In a blog post – titled “Changes coming for the Bitconnect [sic] system – Halt of lending and exchange platform” – released on its official website, the company said that is “closing the Bitconnect [sic] lending and exchange platform.” The website has since gone down.

The statement goes on to suggest that BitConnect will now operate solely “for wallet service, news and educational purposes.”

“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].”

This rate has been calculated based on last 15 days averages of the closing price registered on coinmarketcap.com,” it continued. “You are free to withdraw your BitConnect coin currently in QT wallets that was used for staking as well. We are also closing BCC exchange platform in [five] days.”

“In short, we are closing lending service and exchange service while BitConnect.co website will operate for wallet service, news and educational purposes,” it ended.

Those interested to see the full statement can refer to a screenshot captured by independent Twitter sleuth @BCCPonzi, who has been documenting the investment platform’s shady business for months.


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Many people in this website knew that the coin wasn't going to last that long, why are people so surprised about the price?

[matsusomoto]

Thats a good news,new investors coming in wont be victime by this ponzi scheme,less people will suffer to their greediness they should be sued by all of their victims.

[vlom]

and they want to make an ICO i just saw when visiting their website.
BCCX = BBCeXtra = BBC round 2 = we hope to find some new victims

[ejhayehm]

There are news spreading within bitconnect community that bcc and btc left in your account (if you have one), you will be able to withdraw it. I do not know how credible this news is, but hopefully, because I put on a little investment.

[Dilireba]

It's good new because cryptocurrency must not be a ponzi scheme like BitConnect. BitConnect distributed nothing to Blockchain and cryptocurrency world, Thank God it dead now.

[monergo]

I really do not get how ppl thought this was legit at any point in time. 
All the red flags were there, any authority in the Crypto community shouted against it as well.

[cryptopuma]

Scammers deserved to be hang to death,hard earned money of the people are being steal by these thieves.
Ive heard Bitconnect ponzi scheme received a lot of cease and desist in the U.S and today it is now officially closed

Probably founders are celebrating to what they have stolen,billions of dollars from the poor people.

[Daddyj2]

Maybe this is one of the factors affecting the market crash. BCC owners cash out all their money to fiat and run away.

[Beerwizzard]

Emm, am I the only one who see wrong rates on their website? 1 BTC = $10386.4 | 1 BCC = $218.9063
BCC is a great lesson for those who want to get free money for nothing. In one moment it is tradable on some exchanges and have some illusion of a good price but on the next moment it loses everything in a moment. Right now it is  -93.57% for the last 24hrs. It is still going down since the topic was started.

Next ones to tank will be Tether, TRX, Cardano and XRP. The first because it's a scam and the last 3 because people were only buying into them because of hype.

XRP already won't drop that mutch simply because It already lost most of its "hype value". It can not be compared to BCC scamcoin.

[CryptoRama]

I've heard that what you say it's somewhat false, not all, but I've heard that bicconnect got hacked by a group of hackers, looks like someone is keeping us safe?

[odoyi09]

when they lunch their BitconnectX ICO, i knew something is not right. you have a coin, i went to raise ICO for another new coin, is red sign for scam. they use the funds generated from BitconnectX ICO to settle bitconnect members.

[ejhayehm]

Unbelievably, their ICO BCCX coins are selling out within minutes. It seems that people still trust and believe in the system of bitconnect even though their lending platform has been stopped.