Post
Topic
Board Altcoin Discussion
Re: Is BitConnect Secure?
by
bob3772
on 04/11/2017, 14:41:20 UTC
Let's put aside for a second whether or not BitConnect is MLM or a ponzi scheme. What I'm most curious about is, is their platform secure? With BitConnect getting so much attention online lately, is anyone worried that your coins are secure in their possession? You could enable every advanced security option including 2FA on your account, but if someone were to hack and gain access to BitConnect's systems they can walk away with all the coins.

I guess I'm just overly cautious with past examples of exchanges either shutting down or online wallets getting hacked and people end up losing their coins forever.



I don't know to be honest but generally I would make the assumption that if something is inherently untrustworthy then it is far less likely to be secure. Let's say, if it is found out to be a ponzi scheme and there is a run to withdraw the money, it wouldn't surprise me if they are conveniently hacked or such.