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  "op": [
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      "author": "ahuruglica",
      "permlink": "re-nikolass-how-i-lost-my-life-savings-on-bitconnect-20180126t144344054z",
      "title": "",
      "body": "I'm sorry to hear such a bad story. Many of us tried to warn people to stay away from \"guaranteed\" returns. So sad.",
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      "body": "Nice post. Doesn't look like you are getting the votes you deserve though. You should check out [steemengine.](https://steemit.com/steemit/@steemengineteam/join-steemengine-today)",
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      "author": "nikolass",
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      "body": "you didnt upvote me",
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      "body": "NEW ON STEEMIT\nI WILL HELP YOU TO MAKE follower\nHello and welcome to the community. I followed you and would appreciate a follow back. I'm looking forward to see more posts! Have a great day and have fun. Welcome!\n\nPlease upvote, comment, resteem and follow @niteshbaniya\nget back to back in touch for upvote",
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      "parent_permlink": "cyrptocurrency",
      "author": "nikolass",
      "permlink": "how-i-lost-my-life-savings-on-bitconnect",
      "title": "HOW I LOST MY LIFE SAVINGS ON BITCONNECT.",
      "body": "<html>\n<p>LITTLE INFO: IM 56 AND MY SON IS 27. HE INVESTED IN XRP, ADA, BTC, BCC, AND ETH. I DID THE SAME</p>\n<p>I remember the day my oldest child told me about cyrptocurrency. I would say Bitcoin, but thats putting it vaguely. It was the day before halloween. He showed me his gains from this year, he was doing really well. He was up almost 2000%. Which as you know is an extremely large profit margin, depending on how much you invested. And in his case he invested upwards of $15,000 to start. My first thought, its a scam. You cant see these \"coins\" its gotta be fake. I say \"coins\" because bitconnect was BULLSHIT.</p>\n<p>He begins telling me about all these \"coins\" and the benefit of each one and i slowly become intrigued by the idea of doubling or tripling my money. Thats all i wanted to do, nothing more just a small gain and thats it. So, I told him that if by christmas time if these coins increase significantly in price fuck it ill all in (big mistake).&nbsp;</p>\n<p>If you dont already know, XRP ADA BTC BCC and ETH all saw an enormous amount of gain from October 2017 to late December 2017 (the time i invested). My family came in for the holiday (christmas) including my son, we got to talking about the plan for my investments. $10,000 in XRP, $20,000 in BTC, $5,000 in BCC, 5,000 in ADA, and $25,000 in ETH. He was excited for the future of my investments, and we talked about what we would do if one of these coins increased enormously.&nbsp;</p>\n<p>THE DAY IS DECEMBER 30TH 2017</p>\n<p>Where i live (Sacramento California) there are \"bitcoin atms\" which allow you to deposit cash into a bitcoin wallet of your choice, mine being Bitconnect. So thats what i did, $65,000 into the bitcoin atm which would appear in my bitconnect wallet some 2 hours later. So yeah we get home, my son goes on bitconnect and invests into the coins i previously mentioned.&nbsp;</p>\n<p>Some days go by and i check it couple times a day, i saw already a 10% increase within 2 days. Not going to lie i was very very optimistic in the future of my investments.&nbsp;</p>\n<p>WHERE THE STORY GETS SAD</p>\n<p>I didnt check my investments for some time ( busy with work and the wife). January 18th 2018 is the day i logged onto bitconnect and saw all of my coins had suddenly vanished and was replaced with BitconnectCoin (pretty much a slap in the face). I immediately call my son screaming, WHAT THE FUCK IS GOING ON SAMUEL!! WHERES MY MONEY!! I guess he also had not checked his investments because he had no idea what i was talking about. He says ok ill call you back.</p>\n<p><br></p>\n<p>WORST PHONE CALL OF MY LIFE</p>\n<p>Dad, bitconnect was a ponzi scheme all along. We lost all of our money. I thought i was dreaming. My life savings gone just like that. No explanation other than it was a ponzi scheme? nobody held accountable, no refund, NOTHING!!! IM FUCKED!! morgage on the house, student loans, car payments, credit card payments, etc. My wife hasnt talked to me sense the day i told her i lost everything. My son Samuel committed suicide days after bitconnect shutdown, he left a letter only saying \"Im sorry dad\". &nbsp;I still dont believe any of this is real&nbsp;</p>\n<p><br></p>\n<p><br></p>\n<p><br></p>\n</html>",
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      "title": "Investors File Class Action Lawsuit Against Bitconnect Following Its Shutdown",
      "body": "<html>\n<p><strong>DISCRETION:::::THIS IS NOT MY WORK::::: OK ENJOY :))) THNKS FOR VIEWING! UPVOTE!&nbsp;</strong></p>\n<p><strong>I POST THIS AS A VICTIM OF BITCONNECT.&nbsp;</strong></p>\n<p>Former BitConnect investors have filed a class action lawsuit Wednesday, Jan. 24, seeking compensation from the company that was found out to be a Ponzi scheme and has shut down on Jan. 17.</p>\n<p><br></p>\n<p>The class action complaint states that BitConnect issued cryptocurrency tokens that were actually unregistered securities and collected additional funds via a \"wide-ranging Ponzi scheme.\"</p>\n<p><br></p>\n<p>The complaint has been filed by six individuals on their own behalf, as well as that of all other persons who have lost their money by investing into BitConnect. The six plaintiffs stated that their personal losses amounted to $771,000.</p>\n<p>It is alleged that BitConnect guaranteed a 40 percent monthly return that it promised to generate by trading the investors’ funds on the cryptocurrency market.</p>\n<p><br></p>\n<p>Ultimately, the plaintiffs claim that instead of genuinely generating revenue via cryptocurrency trading, the platform actually used the funds from new investors to meet the expectations of the existing ones.</p>\n<p><br></p>\n<p>Launched in February 2016, BitConnect was a cryptocurrency community platform which introduced its own cryptocurrency Bitconnect coin (BCC) in November 2016.</p>\n<p><br></p>\n<p>According to data from Coinmarketcap, the BCC has reached the peak of its popularity in Dec. 2017, when its market capitalization hit about $2.7 bln.</p>\n<p><br></p>\n<p>Just days later, on Jan. 4, the state of Texas issued a cease and desist order against BitConnect for the selling of unlicensed securities which has led to the crash of the BCC token and the platform’s closure.</p>\n<p><br></p>\n<p>Meanwhile, BitConnect has managed to attract a different kind of attention by releasing a bizarre video from its annual ceremony in New York.</p>\n<p><br></p>\n<p>In it, the company’s eccentric representative Carlos Matos claims that his own investment in BitConnect has paid off several times over. “My wife still doesn’t believe me,” said Matos, describing how rich he has become.</p>\n<p><br></p>\n</html>",
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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://cointelegraph.com/news/russia-blogger-who-boasted-about-crypto-wealth-beaten-and-robbed-for-425k",
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      "body": "<html>\n<p>A Russian cryptocurrency investor and blogger known online as Pavel Nyashin was attacked and robbed in his home in Leningrad Oblast the night of Jan. 14. The assailants stole funds worth 24 mln rubles ($425,000), according to local media.</p>\n<p><br></p>\n<p>Nyashin was tied and beaten while a group of masked assailants stole a safe containing cash and “essential documents.”</p>\n<p><br></p>\n<p>Nyashin, a self-made millionaire from cryptocurrency investing, had “boasted” about his wealth online and at meetings of well-known bloggers he attended, local media network NTV reports.</p>\n<p><br></p>\n<p>The crypto blogger told NTV in a video interview:</p>\n<p><br></p>\n<p>“They took the safe in the end, as they knew there was cash in the house. In it was a sum equivalent to 24 mln rubles, as well as a lot of essential documents.”</p>\n<p><br></p>\n<p>The 23-year-old Nyashin from St. Petersburg had previously made known about his successes online while advising on how to become rich from cryptocurrency, according to NTV, which ran an admonitory headline “Millionaire blogger beaten and robbed for boasting.” According to Russian-language cryptocurrency news outlet ForkLog, Nyashin is the founder of the YouTube channel on crypto trading that has almost 15,000 subscribers.</p>\n<p><br></p>\n<p>ForkLog also reported that the “bandits” destroyed all electronic equipment in Nyashin’s home and fled the scene in what appeared to be a Mercedes.</p>\n<p><br></p>\n<p>NTV adds that the assailants further removed a laptop he used to trade on exchanges. Nyashin himself has yet to find out if his accounts have been hacked and assess the full damage done.</p>\n<p><br></p>\n<p>A criminal case has been opened on the armed assault, NTV reports.</p>\n<p>NOT MY WORK!</p>\n</html>",
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      "title": "Russia: Blogger Who ‘Boasted’ About Crypto Wealth Beaten and Robbed For $425k!!!",
      "body": "<html>\n<p>A Russian cryptocurrency investor and blogger known online as Pavel Nyashin was attacked and robbed in his home in Leningrad Oblast the night of Jan. 14. The assailants stole funds worth 24 mln rubles ($425,000), according to local media.</p>\n<p><br></p>\n<p>Nyashin was tied and beaten while a group of masked assailants stole a safe containing cash and “essential documents.”</p>\n<p><br></p>\n<p>Nyashin, a self-made millionaire from cryptocurrency investing, had “boasted” about his wealth online and at meetings of well-known bloggers he attended, local media network NTV reports.</p>\n<p><br></p>\n<p>The crypto blogger told NTV in a video interview:</p>\n<p><br></p>\n<p>“They took the safe in the end, as they knew there was cash in the house. In it was a sum equivalent to 24 mln rubles, as well as a lot of essential documents.”</p>\n<p><br></p>\n<p>The 23-year-old Nyashin from St. Petersburg had previously made known about his successes online while advising on how to become rich from cryptocurrency, according to NTV, which ran an admonitory headline “Millionaire blogger beaten and robbed for boasting.” According to Russian-language cryptocurrency news outlet ForkLog, Nyashin is the founder of the YouTube channel on crypto trading that has almost 15,000 subscribers.</p>\n<p><br></p>\n<p>ForkLog also reported that the “bandits” destroyed all electronic equipment in Nyashin’s home and fled the scene in what appeared to be a Mercedes.</p>\n<p><br></p>\n<p>NTV adds that the assailants further removed a laptop he used to trade on exchanges. Nyashin himself has yet to find out if his accounts have been hacked and assess the full damage done.</p>\n<p><br></p>\n<p>A criminal case has been opened on the armed assault, NTV reports.</p>\n<p>NOT MY WORK!</p>\n</html>",
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      "body": "NEW ON STEEMIT\nI WILL HELP YOU TO MAKE follower\nHello and welcome to the community. I followed you and would appreciate a follow back. I'm looking forward to see more posts! Have a great day and have fun. Welcome!\n\nPlease upvote, comment, resteem and follow @niteshbaniya\nget back to back in touch for upvote",
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      "body": "@@ -27,16 +27,49 @@\n CONTENT!\n+ NOT MY WORK! THX FOR VIEWING :))\n %3C/p%3E%0A%3Cp%3E\n",
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      "title": "Bulgarian Police Raids OneCoin Offices, ‘Ponzi Scheme’ Servers Shut Down",
      "body": "<html>\n<p>UPVOTE FOR MORE CONTENT!</p>\n<p><br></p>\n<p>&nbsp;OneCoin offices <a href=\"https://www.prb.bg/bg/news/aktualno/specializiranata-prokuratura-uchastva-v-neutrali-2/\">were raided</a> and its servers seized in Sofia, Bulgaria, on Jan. 17 and 18, as yet another step in a series of international raids and court cases against the highly-controversial <a href=\"https://cointelegraph.com/tags/altcoin\">altcoin</a>. Although the servers were shut down, OneCoin currently remains operational.The raid took place at the request of the prosecutor’s office in Bielefeld, Germany, and was carried out by representatives of the Bulgarian law enforcement as well as European Union crime fighting units. OneCoin’s founder, Ruja Ignatova, is Bulgarian-born but has German citizenship.OneCoin, which promotes itself as a “<em>centralized model [that] protects its members' safety and ensures compliance on AML [anti-money laundering],</em>” does <a href=\"https://cointelegraph.com/news/one-coin-much-scam-swedish-bitcoin-foundation-issues-warning-against-onecoin\">not fit the definition of a cryptocurrency</a>, for it is not decentralized, does not run on open-source software, and does not have a public ledger.The documents and servers were seized from “One Network Services” EOOD, a Bulgarian company serving as a representative and distributor of OneCoin, as well as 14 other companies. 50 witnesses were questioned during the raid, but no arrests have yet been made.The company is registered officially in the United Arab Emirates as “OneCoin Ltd.,” but according to the Bulgarian police report, the company operates through&nbsp;</p>\n<p><br></p>\n<p>&nbsp;A OneCoin representative faced <a href=\"https://cointelegraph.com/news/onecoins-mirsaitova-under-house-arrest-for-7-mln-investor-deceit\">charges of fraud in Kazakhstan</a> in May 2017, and in India, police had arrested <a href=\"https://cointelegraph.com/news/onecoin-is-much-ponzi-indian-police-chief-confirms-clear-ponzi-scheme\">23 people in connection with OneCoin’s pyramid scheme</a> by July 2017.More recently, in August 2017, the Italian Antitrust and Consumer Protection Authority (AGCM) <a href=\"https://cointelegraph.com/news/one-coin-much-scam-italy-brands-onecoin-ponzi-issues-25-mln-fine\">branded OneCoin a Ponzi scheme</a> and fined them 2.5 mln euros, the first financial fine on the company.Cointelegraph has <a href=\"https://cointelegraph.com/news/one-coin-much-scam-onecoin-exposed-as-global-mlm-ponzi-scheme\">previously denounced OneCoin as a Ponzi scheme</a>, warning readers to stay away from the coin.&nbsp;</p>\n<p><br></p>\n</html>",
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      "title": "Investors File Class Action Lawsuit Against Bitconnect Following Its Shutdown",
      "body": "<html>\n<p><strong>DISCRETION:::::THIS IS NOT MY WORK::::: OK ENJOY :))) THNKS FOR VIEWING! UPVOTE!&nbsp;</strong></p>\n<p><strong>I POST THIS AS A VICTIM OF BITCONNECT.&nbsp;</strong></p>\n<p>Former BitConnect investors have filed a class action lawsuit Wednesday, Jan. 24, seeking compensation from the company that was found out to be a Ponzi scheme and has shut down on Jan. 17.</p>\n<p><br></p>\n<p>The class action complaint states that BitConnect issued cryptocurrency tokens that were actually unregistered securities and collected additional funds via a \"wide-ranging Ponzi scheme.\"</p>\n<p><br></p>\n<p>The complaint has been filed by six individuals on their own behalf, as well as that of all other persons who have lost their money by investing into BitConnect. The six plaintiffs stated that their personal losses amounted to $771,000.</p>\n<p>It is alleged that BitConnect guaranteed a 40 percent monthly return that it promised to generate by trading the investors’ funds on the cryptocurrency market.</p>\n<p><br></p>\n<p>Ultimately, the plaintiffs claim that instead of genuinely generating revenue via cryptocurrency trading, the platform actually used the funds from new investors to meet the expectations of the existing ones.</p>\n<p><br></p>\n<p>Launched in February 2016, BitConnect was a cryptocurrency community platform which introduced its own cryptocurrency Bitconnect coin (BCC) in November 2016.</p>\n<p><br></p>\n<p>According to data from Coinmarketcap, the BCC has reached the peak of its popularity in Dec. 2017, when its market capitalization hit about $2.7 bln.</p>\n<p><br></p>\n<p>Just days later, on Jan. 4, the state of Texas issued a cease and desist order against BitConnect for the selling of unlicensed securities which has led to the crash of the BCC token and the platform’s closure.</p>\n<p><br></p>\n<p>Meanwhile, BitConnect has managed to attract a different kind of attention by releasing a bizarre video from its annual ceremony in New York.</p>\n<p><br></p>\n<p>In it, the company’s eccentric representative Carlos Matos claims that his own investment in BitConnect has paid off several times over. “My wife still doesn’t believe me,” said Matos, describing how rich he has become.</p>\n<p><br></p>\n</html>",
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