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.
I understand this issue has been resolved and that a new 1 year business license has been issued Bitconnect, or so I heard. 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.
would be really nice to know if that is true or not. Without some form of intervention this company will continue to grow . $.16 Jan of this year now it is just under $300 per coin. Lending platform seems to really give returns people expect. Personally I think it is just as sustainable as Bitcoin. Either could go for many years or could fall apart....
Since I am invested in BCC now (before I saw this thread) I am hoping they hang on a little longer. Countless people lose shit tons of money in crypto every day. New ICO, new coins even Bitcoin has lots of casualties. Here we have a coin running for nearly a year with no one losing anything yet somehow the majority wants to hang it out to dry.
Makes zero sense to me. BCC has just as much right if not more than so many other coins on the market.