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.
Congratulations UK for reacting to that. I cannot say that Im not happy to hear that they are being shutdown. Finally someone does something against this MLM scheme. I always stay far away from projects like this, its just created to transfer money from bottom to top users and when there are no bottom users to lure in anymore the scheme gets exposed and many people loose everything. But the ones on the higher levels got out early and are on the Bahamas or whereever already. Will keep watching the further development of this.