According to the The Next Web: "The UK Registrar of Companies has threatened to shut down the dodgy platform and dissolve its operation."
As I wrote yesterday in an attempt to warn new crypto investors to not invest in BitConnect for these đź“Ł 10 Following Reasonsđź“Ł.
Link to my Blog Post: @vlemon/warning-do-not-invest-in-bitconnect-it-is-a-ponzi-scam-read-these-10-reasons-why
BitConnect has two months to prove “cause to the contrary”. If not by then, the decision will be enforced.
“Upon dissolution all property and rights vested in, or held in trust for, the company are deemed to be bona vacantia, and accordingly will belong to the crown,” the document reads. Many have speculated that BitConnect likely stashes its funds abroad, though there is no evidence to back this up.
Here is the full letter of notice they sent to BITCONNECT LTD
The Crypto Community has been increasingly worried about another Ponzi Scam
As this discussion between Vitalik Butherin (Ethereum CEO) and another Crypto Investor shows:
November 3rd, Changes have been made to the affiliate program with just 3 levels left compared to 10 before July 2017 !
We have not heard from Bitconnect yet. I advise every investors and crypto-enthusiasts to be very careful.
Please share this warning and tell your friends and relatives to stay away.
Sources:
bitconnect.co
https://thenextweb.com/hardfork/2017/11/13/bitcoin-bitconnect-uk-ponzi-investment/
