BitConnect is shutting down its lending and exchange platform
Following a very long time of warnings, Bitcoin speculation stage BitConnect – which has for quite some time been associated with running a Ponzi plot – has formally reported its stage is closing down.
In a blog entry – titled "Changes desiring the Bitconnect [sic] framework – Halt of loaning and trade stage" – discharged on its official site, the organization said that is "shutting the Bitconnect [sic] loaning and trade stage." The site has since gone down.
The announcement goes ahead to propose that BitConnect will now work exclusively "for wallet administration, news and instructive purposes."
"We are shutting the loaning operation quickly with the arrival of every single remarkable credit," the announcement read. "With arrival of your whole dynamic advance in the loaning wallet we are exchanging all your loaning wallet adjust to your BitConnect wallet adjust at 363.62 USD [sic]."
This rate has been figured in light of most recent 15 days midpoints of the end cost enlisted on coinmarketcap.com," it proceeded. "You are allowed to pull back your BitConnect coin as of now in QT wallets that was utilized for staking also. We are additionally shutting BCC trade stage in [five] days."
"So, we are shutting loaning administration and trade benefit while BitConnect.co site will work for wallet administration, news and instructive purposes," it finished.
Those intrigued to see the full articulation can allude to a screenshot caught by free Twitter sleuth @BCCPonzi, who has been recording the venture stage's shady business for a considerable length of time.
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