It's very unfortunate that there are many people who will see their investment go to nothing. Yes, they gave back people's investments. However, they gave it back in their worthless BCC. Prices were ALREADY tanking at that point. ALSO, people were having difficulty accessing the website amidst the plummeting prices.
Let's further backtrack and look at this correction in general. I've seen several articles where people were taking out MORTGAGES just to purchase Bitcoin. This is one of the numerous reasons why you do NOT do that. This market is volatile and ONE thing could trigger a massive chain of events that leave MANY people in a worse position than when they entered.
I still don't understand their reason for shutting down. Could they not feed the people at the top of their ponzi? Why would you cite bad press as a reason for closing, but continue your ICO which virtually has the same name as the platform that received bad press!? What's your take on this @zer0hedge?
Please invest only what you're willing to use, and do your due dilligence!
-Y.D.H.
Perhaps they are just beating the feds to the punch @brokecollegegrad.
They see the writing on the wall....the horses were starting to close in..it was only a matter of time.
Perhaps now they can flee.
As for people taking out mortgages to by crypto, that is stupid. So is using credit cards, lines of credit or HELOCs.
Only use what you can afford to lose.