Today bitconnect died. Seriously fuck all those youtubers that were promoting and profiting off this.
Its official bitconnect is now finally closed for "business". This is what they had to say about the closure on their site:
“We have received two Cease and Desist letters, one from the Texas State Securities Board, and one from the North Carolina Secretary of State Securities Division,” the BitConnect team wrote. “These actions have become a hindrance for the legal continuation of the platform.”
It looks like regulators have been alerted to the bitconnect scam and took action. Scams like bitconnect give cryptocurrency a bad name. Happy to see them go and stop making victims out of members of the crypto community.
You can read more about it here: https://www.coindesk.com/bitconnect-shutters-crypto-exchange-site-regulator-warnings/
