If you haven't heard the news yet, Bitconnect recently folded due to cese and desist orders claiming that their company was an obvious ponzi scheme. Investors have now filed a class action lawsuit against bitconnect to hopefully get back the money they lost in the scam.
Sources:
https://www.coindesk.com/investors-file-class-action-against-bitconnect-following-abrupt-closure/
https://thenextweb.com/hardfork/2018/01/17/bitconnect-bitcoin-scam-cryptocurrency/
Nevertheless, Bitconnect and it's supporters seem unphased by all the legal action and are continuing to shill their scams with new coins and ICOs popping up on the market.
Since Bitconnect was exposed as a scam, YouTube has been quick to call out promoters of this scam such as Crypto Nick, Trevon James and Tai Lopez. Unfortunately they seemed to have migrated to Steem and seem to be prospering here.
I'm not out to start a witch hunt here or slam anyone, but can we please at least WARN anyone new to crypto trading and the Steemit community of people who may not be trustworthy or have a record of shilling scams to unfortunate newbies willing to blindly invest into whatever seems flashy and new to them?
There's also a helpful bitcointalk forum post listing all the scam coins and possible upcoming scam ICOs that can be found here:
https://bitcointalk.org/index.php?topic=2782300.new
What do you think? Is there any stopping these scammers?
Please be aware of these possible and confirmed scams and don't give them anymore traction than they already have by funding or supporting their posts.
Here's some other helpful related posts:
https://www.reddit.com/r/CryptoCurrency/comments/7snxpq/john_mcafee_is_in_the_same_league_as_bitconnect/?st=jcv3xa5l&sh=dbc5ee49
https://www.reddit.com/r/CryptoCurrency/comments/7raztw/listen_up_folks_if_you_did_or_still_do_promote/?st=jcv3wzs2&sh=a312eb82
https://www.reddit.com/r/CryptoCurrency/comments/7r0ftz/cryptonick_is_deleting_all_of_his_bitconnect/?st=jcv3wyfo&sh=a3cdf9ff
