Bitconnect: it's over!

After months of warnings, the Bitcoin investment platform Bitcoin - which has long been suspected of being a Ponzi scheme - has officially announced that its platform is closing down.

In a blog post titled "Upcoming Changes for the Bitconnect System [sic] - Loan Stops and Exchange Platform" - posted on its official website, the company announced the "closing of the lending and loan platform". Bitconnect exchange [sic]. the website is since ko.

The statement continues to suggest that BitConnect will now only work "for portfolio service, news and educational purposes".

"We close the loan transaction immediately with the release of all outstanding loans," the statement said. "With the release of all your active loan in the loan portfolio, we transfer all your loan portfolio balance to your BitConnect portfolio balance to $ 363.62 [sic]. "

This rate was calculated on the basis of the average of the last 15 days of the closing price recorded on coinmarketcap.com ", he continues. "You are free to withdraw your BitConnect coins currently in the QT portfolios that were used for the stake. We also close the BCC exchange platform in 5 days. "

"In short, we are closing the lending service and the exchange service while the BitConnect.co website will work for portfolio service, news and educational purposes".

Those who are interested in seeing the full statement can refer to a screenshot taken by Twitter detective @BCCPonzi, which documents the shady business of the investment platform for months.