The Texas State Securities Board and North Carolina Secretary of State Securities Division warned that the firm isn’t registered to sell securities in those states, the company said on its website Tuesday. BitConnect offered to let people receive interest on their digital coin balance by lending or investing their capital.

BitConnect’s token, BCC, was among the world’s top-20 most successful tokens until its price plunged 65 percent since Jan. 3, as the states announced the actions. Launched a year ago, the coin still has a market cap of almost $1 billion.

This is what the news are flashing all throughout the day but the fact is that when they decide to close their buisness, then why dont they give their bitcoin back and why they are making settlement with their shit coins just because they are the developer of the coin and they can print any number of coin they want.

With this kind of news it is very certain that market will bleed and the investors are left with no other options than to take whatever is offered with.

So this is an eye opener to take views and reference from many sources before putting hard earned money in to those kind of project.

And see the price is now 14 usd only and its bleeding further. This is really so painful and I am happy that I never got involved in Bitconnect.

Thank you @swissclive.