Cease & Desist to Popular Crypto Mining Company Bitconnect!

in #bitcoin7 years ago

Popular Bitcoin mining company "Bitconnect" was hit by a cease and desist earlier today from the State of Texas. This is not the first time Texas has been trying to hit the Crypto trading and mining industry hard with legal issues as popular trading company USI Tech was also hit with a C&D a few weeks ago.

Be careful whenever you are "guaranteed" a return. In the financial industry, a "guarantee" screams for you to run away because it most likely will be too good to be true.

Will be interesting to see how this one plays out!

https://www.ssb.texas.gov/sites/default/files/BitConnect_ENF-18-CDO-1754.pdf <------- source









Be careful everyone! You are better off investing into individual coins yourself through an exchange! Your returns will be higher anyways. All it takes is a little research

Sort:  

Congratulations @chriscostello! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

You made your First Vote
You made your First Comment
You got a First Vote

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Thank you so much!