This mysterious company is a popular Bitcoin loan platform with a market capitalization of $ 4.1 billion and is accused of having a scandal for a long time. On Thursday, the Texas Securities Commissioner signed an emergency break and the Desist Order to prevent BitConnect from operating.
This press release reads to a foreign company claiming market share of $ 4.1 billion for its cryptocurrency coins. This Texas Securities Commissioner has introduced an emergency break and Desist Order to stop many investment programs operated by BitConnect.
Source - https://news.bitcoin.com/bitconnect-slapped-with-securities-emergency-cease-and-desist-order/
