The Securities and Exchange Commission (SEC) cease and desist for Bitconnect's operations:

Here is a link to the full report: https://www.ssb.texas.gov/sites/default/files/BitConnect_ENF-18-CDO-1754.pdf

Is this the end of the lending platform Bitconnect?

All we know so far is that this is an immediate cease and desist for the Bitconnect organization. This is very troubling for not only Bitconnect, but also all the users! My recommendation would be to get every cent out of the Bitconnect platform if you are a user. I hope the best for all of you. We will most likely see the price of a Bitconnect token fall to 0.