Published on November 14th, 2017 | by bitcoin0
UK threatens to shut down BitConnect
It turns out Ethereum founder Vitalik Buterin might have been right to suggest popular Bitcoin investment platform, BitConnect, has been running a Ponzi scheme after all: the UK Registrar of Companies has threatened to shut down the dodgy platform and dissolve its operation.
Many have speculated that BitConnect likely stashes its funds abroad, though there is no evidence to back this up.
Curiously, the name of Fitzsimmons doesn’t appear anywhere on Bitconnect’s site – and nobody seems to know what his involvement in the investment platform is.
Eventually, Ethereum’s Buterin responded to the requests, suggesting the fishy Bitcoin investment site could indeed be running a Ponzi scheme.
Clarification: As pointed out by readers, BitConnect also listed on Companies House’s registrar as BITCONNECT INTERNATIONAL PLC.