BitConnect scandal

Looks like BitConnect, which was widely discussed as a pyramid, is leaving the crypto market. Or, better to say, it is running away, turning tail. Because the credit platform, the wallet and even the thread on subReddit are just disabled.

💲More than 95% of BCC positions were being produced on BitConnect, which was controlled by developers. That was already a bad sign, but most of users just closed their eyes on it. Now, when price of BCC dropped from $400 to $30, we can say, that developers had finished their fraud and had sold all the coins. Some analytics say it could even influence on Bitcoin market, but for the moment it’s just an assumption. The fact is that BitConnect was the centralized pyramid, which has stopped existing.

The coin’s holders are especially angry at the closing of the thread on subReddit. And it’s just completely disabled – no one can even read previous messages.

👥A lot of traders were warning about this cryptocurrency. Its downfall was just a matter of time. But thousands of people had already invested into BCC. Some of them managed to raise some funds, but most of investors will possibly never get their money back.

Thanks for stopping by and keep on checking for more updates @okoyeemmanuel