Bitconnect Affiliate program now only 3 tiers( 5-3-2

Regardless of the stake though, investors were promised a one-percent return of investment (ROI) on a daily basis. Meanwhile, BitConnect withdrawals continue to be unavailable; still, users are allowed to invest and lend loans. While long overdue, the legal action followed a slew of warnings from cryptocurrency pioneers like Ethereum founder Vitalik Buterin and Litecoin founder Charlie Lee, both of whom cautioned investors that BitConnect has all signs of a Ponzi scheme. What was particularly problematic is that legitimate news pieces were now slumped under a pile of meaningless content.

Bitconnect: Bitcoin Community-Earn, Buy, Sell and Trade

This cant. Although BitConnect promoters have in the past proven themselves quite stubborn when it comes to registering obvious red flags, it seems most of them are finding it difficult to ignore the latest heap of issues their favorite investment platform is facing. Less than two weeks ago, BitConnect got slapped with a cease and desist letter from the Texas Securities Board, ordering the company to close down its operation and cut distribution of BCC at least until it had worked out an agreement with the Securities Commissioner.

Bitconnect Affiliate Program Updates Steemit

Yesterday the website insisted, that following a downtime of over 50 hours, its team needs another 24 hours to enable withdrawals. In a similar fashion, fellow promoter Trevon James who recently suffered a mental meltdown over the possibility of going to jail for fraud is also distancing himself from BitConnect.

How BitConnect pulled the biggest exit scheme in cryptocurrency - TNW

Then he goes on to show off his 60,000-worth altcoin portfolio. Immediately after the ominous announcement began spreading across the net, hives of freaked out investors flocked to the BitConnect subreddit (which has since been locked down). It was only yesterday when BitConnects shenanigans were finally starting to catch up with them.

BitConnect promoters cover their tracks as site faces legal trouble - TNW

Because the signs were always there. Following an investigation in November, the British Registrar of Companies served BitConnect with a strike-off notice, threatening to shut it down and dissolve its operation unless further action is taken.

Bitconnect affiliate program explained what YOU MAY

By using our Services or clicking I agree, you agree to our use of cookies. Downplaying the legal threats, the promoters stuck to the script and continued to shill BitConnect. Both filings insisted BitConnect was running a potentially fraudulent operation, implicating the company in a series of violations.