Bitconnect: The Wannabe Bitcoin Ponzi Scheme | Multi Level Mondays
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The Emergency CC Synthesis Order Summarized a Lot of Concerns
BitConnect shut down on January 17th, 2018. The platform says they're refunding all outstanding loans at a rate of $363.62 USD. But the BitConnect token is currently trading down 80% and worth less than $40. While users may have been made whole on a BCC equivalent, many are certainly suffering severe financial losses in terms of USD or Bitcoin.
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