I had a lot of folks close to me get caught up in this scheme. There are so many of these operations that operate in this typically criminal scheme. Obviously, CC isn't regulated like the NASDAQ or NYSE markets. My question is, what does everyone think of these type of situations? This is much different than a bankrupt exchange stealing money, this seems like a pure Ponzi scheme.
Regards!
There had been alot of warning regarding the scheme played by Bitconnect. I had seen them on facebook group but these people keep on trash talking the one who are concern and exposed that Ponzi Scheme of Bitconnect. Since there is already an order of closure, i believe many investors were caught in this shutdown. Though I am not sure if the company give back the money invested by these poor victims or probably thay are just announcing it but will continue to operate in secret.