Bitconnect, which promised ~1% a day return on invested funds, shuts down its platform; value of BCC token plummets, making user investments nearly worthless
Related Coverage
- Bounce for Bitcoin — After nearly dropping below $9K … Seeking Alpha
- Bitcoin Crashes to Below $10,000 as Cryptocurrency Scams Scare Investors Fortune
- BitConnect Investors Left in the Lurch as Token's Price Drops 90% CoinDesk
- BitConnect, a Bitcoin Exchange Long Accused of Being a Ponzi Scheme, is Shutting Down Slate
- Cryptocurrency bloodbath continues as bitcoin falls below $10,000 Ars Technica
- If you follow the logic of the bitcoin universe, almost every crash is. Vanity Fair
- BitConnect Closes Exchange as States Warn of Unregulated Sales Bloomberg
- Bitcoin Steadies From 26% Slump as Traders Brave Volatility Bloomberg
- Bitconnect Closes Virtually Its Entire Operation, BCC Token Drops 87% Cointelegraph.com News
Discussion
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@howardlindzon
Blockchain Lindzon
on x
WTF - How are people this continuously dumb and lazy in 2018 http://techcrunch.com/...
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@tapbot_paul
Paul Haddad
on x
Apparently the company that marketed these results turns out to be a Ponzi scheme. Color me surprised. http://techcrunch.com/... http://twitter.com/...
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@lopp
Jameson Lopp
on x
Ubitex MyBitcoin Bitcoin7 Bitscalper Bitcoin Savings & Trust Bitcoin Rain GBL BASIC-MINING Butterfly Labs MintPal Gemcoin GAW Miners / Paycoin Bitconnect Scammers have wanted your BTC ever since it had an exchange rate. Learn from history. Don't be greedy. Don't be a victim.
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@anambroid
Ambroid
on x
If you invested 10 dollars into Bitconnect in 2017 you would now have 0 dollars. Isn't crypto amazing?