Yesterday, for the first time in the short time that BitConnect has been on the cryptocurrency markets, the BitConnect site went down early in the morning without any prior notice. It was strange to everyone who uses the platform, I'm sure as we know BitConnect usually informs us at least 24 - 48 hours in advance of site maintenance so no one starts jumping out of windows over their active loans they can't access. Which is important for BitConnect because we all know how much people believe that BitConnect is a scam or Ponzi or whatever fud they can drudge up from the cryptocurrency cesspool of newbies and "nocoiners" (my new favorite word). The shutdown happen yesterday around 9:00am my time which is EST and as you have probably head or experienced, this action has sent a wave of fud and anxiety throughout the crypto world. As of today Jan. 15th at 8am EST the BitConnect site is still down for maintenance. However the site is accessible and has posted a note for those who try to log in that says "We will enable login in to the dashboard as soon as we realize everything is under control. We apologize for any inconvenience this may cause." So this lets me know if I put one and one together thy are actually having a software/operating system problem, or the government, which they have been trying to do, is cracking down on platforms that make people a bunch of money they can't get their grubby little banker hands on. Just to make note, it also happened to another site I'm lending on that is similar to BitConnect called DavorCoin https://davor.io/Account/Registration?r=265E7E . Now I'm not going to lie it had me a little nervous but then I realized that they both are through clouflare and cloudflare is are heavy on protecting customers from DDos attacks worldwide. What is DDos you ask? Well this is the definition provided by http://searchsecurity.techtarget.com/definition/distributed-denial-of-service-attack
"A distributed denial-of-service (DDoS) attack is an attack in which multiple compromised computer systems attack a target, such as a server, website or other network resource, and cause a denial of service for users of the targeted resource. The flood of incoming messages, connection requests or malformed packets to the target system forces it to slow down or even crash and shut down, thereby denying service to legitimate users or systems."
Which is why I truly belive that BitConnect is under DDos attack by some third party who or two joint companies merging (wink wink) that are trying to damage the reputation and business of other lending platforms that might be competition for them. However, I don't underestimate the governments role in the attacks either since they have ordered stop and desist orders for BitConnect in Texas and North Carolina so far here in the United States. It could spell trouble for all U.S. based customers in other states as well. All I can say is I will definitely stay on top of this and update people through my blog accordingly. Speak to you soon and happy investing!
