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RE: The Great Bitconnect Heist - Greedy, witless birdbrained users at Bitconnect overdraw their accounts - August 2017
There is a very real possibility that this "hack" was in fact committed by an insider who knew of the flaw. The site could have easily bought up cheap tokens that were dumped on other markets in order to give themselves some more capital to keep operating on.
Additionally by them coming back online and continuing to do payouts during that outage period their reputation has strengthened. People will have increased confidence in their system since the prices almost returned to what it was before the hack AND they have addressed the issue head on.
If they were going to pull an exit scam they probably would have just taken the money and ran rather than putting the site back online. Or so they want you to think :P
I'm glad someone has the intelligence to figure this out. Wow, what a cover! blame the users.
Right now a person cannot remove Bitcoin from the site.
I hear that BCC can be moved. But in my opinion, the valuable asset is not being released.
I wish more people would use some brain and not their greed in dealing with HYIP's .
Sadly it is still being reported that Bitconnect is back , bigger and better than ever.
Shame one those!
H. G.
I hope that it does come back. I still have money that I would like to recover (5.0% left from the experiment.)
I'm not sending more though!!