Bitconnect Appears to be Shuttered, Apparent Ponzi Scheme

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17 January, 2018

Bitconnect Appears to be Shuttered, Possible Scam

GlobalCryptoPress.com Reporter Ross Davis' vlog after hearing the news of the end of what he believes to have been a Bitconnect ponzi scheme.

This news comes on a disastrous day across the board for the cryptocurrency sector as Bitcoin Core dropped just over 14% in price over the past 24 hours while Bitcoin Cash, Ethereum and Litecoin saw their prices collapse between 17% and 24%.

From GlobalCryptoPress.com:

Being the only reporter to have attempted to confront Bitconnect in person (that story here) it only seems right I cover their final day. The company is in full collapse after announcing closing of their lending platform, their BCC coin value is in freefall - starting the day worth a little over $400, and at the time of writing this worth just $43.

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