Looks like the ponzi scheme is getting exposed and coming to an end shortly. UK Registrar of Companies has threatened to shut down BitConnect and dissolve its operation. BitConnect has two months to prove cause to the contrary until the decision has been formally enforced. Should the company fail to comply with these terms, the government agency will strike off its registration and seize its assets.
BitConnect was registered by a British man going by the name of Ken Fitzsimmons, he holds 75 percent or more of the shares in the company.
For those of you that are still participating in BitConnect you should get out now while you still can.
If I was a government official, I would warn all of the exchanges not to list that ponzi scheme. It's maybe te most ponzi structure of the entire crypto world. There is no technology, nothing. Only the titan system which exploits people and make the top guys rich!
This is kinda thing that needs to be avoided on cryptocurrency field. If not, more of the ponzis will come over here to fraud people.