Quote from: MPulse on November 13, 2017, 03:41:05 PM

BitConnect was incorporated in the UK in July 2016. Just because it's a UK based company it doesn't mean that they actually run any of their servers there. It's very likely that the entire BitConnect system is running offshore and if UK were to shut them down it will likely be very difficult to seize any of their assets.

For all we know Ken Fitzsimmons could be a fake person.

This is just hopefully another warning to those people who are falling for this scam. How could anyone believe that if you invest $1000 and the company gives you 1% interest compounded daily would make your investment worth $50 million+ in 3 years. Do you honestly believe that is sustainable?

I've been following this for a few months. I support UK's to shut down, Bitconnect deserved this shut down, this ponzi scheme need to take action asap. I support this effort to avoid the newcomer of altcoin trapped in their games.

Quote from: Johnnywelsh on November 14, 2017, 11:10:28 PM

That's the good and the bad blockchain technology, you cant shut it down. But ultimately it means scam companies can continue to run their business unless the community decides to kill it off.

Agree, it is really necessary step together to break this kind of activity. But UK's move needs to be appreciated after all.