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Bitconnect lending payouts

And while BitConnect has been known to involve a multi-level, pyramid-like structure, the gains "on paper" are still continuing.
"US Court Freezes BitConnect Assets as Lawsuits Mount".
Ponzi scheme 9 because of its multilevel marketing structure and impossibly high payouts (1 daily compounded interest).BitConnect promises to give rewards for lending cryptocurrencies.6 12 13 Legal issues edit On January 16, 2018, BitConnect announced it would lucky cat slot machine shut down its cryptocurrency exchange and lending operation after regulators from Texas and North Carolina issued a cease and desist order against.Retrieved b De, Nikhilesh.And while BitConnect is not the only similar scheme, it is rather old and continues working, making it even more dangerous.A b c Tepper, Fitz."How BitConnect pulled the biggest exit scheme in cryptocurrency"."The 20 Largest Cryptocurrencies by Market Cap".A b Osborne, Charlie."Bitconnect Shut Down it's Lending Platform Officially for Good".4, contents, history edit.
Yet not the amount of coins seen "on paper only to the amount of the initial cash investment- so actually, at current prices, a user would receive a payout of much less BitConnect coins.

5 6 10 The BitConnect Coin was among the worlds top 20 most successful cryptocurrency tokens 11 until its price plunged 65 percent starting on January 3, 2018.Then, there is the confusion issue that sometimes, the BCC ticker of BitConnect is confused for Bitcoin Cash, which goes both as BCH and BCC, depending on exchange, but some users bought in confusion, after BitConnect was listed on hitBTC with a ticker of "BCC".Delhi, India in August 18, 2018.1, january 17, 2018, BitConnect shut down, 3 1 and BCC prices crashed by 92 immediately after.6, however, the BitConnect X website remained open and operational, having just begun its.A few days ago, Ponzi Crypto Coins tweeted to Buterin and Charlie Lee satoshilite) and received a reply from the founder of Ethereum.1, texas State Security Board and North Carolina Secretary of State Securities Division warned that BitConnect was not registered vegas slot machines for sale youtube las to sell securities in their respective states."The Rise and Fall of BitConnect, the Sketchiest Crypto Exchange".The BCC token was still in circulation, and crashed in price.Archived from the original on 9 February 2018.

BitConnect was released in 2016 with the goal of allowing users to lend Bitcoin for interest.
Retrieved 8 February 2018.
"Changes coming for the Bitconnect system - Halt of lending and exchange platform".