True, but in a good way. I would never invest in a company that doesn't register itself properly.
Does it not bother any of you that even the Securities Commissioner of Texas cant find any of the information about the people that run this particular system?

The only people getting rich form BitConnect are the shadowy people running it.

I'm glad this has happened because whether we like it or not, some regulation and oversight will be necessary to a degree before this technology goes mainstream. I'm a huge fan of decentralized finance, but a scam is a scam, pyramid or Ponzi scheme. I don't see Texas saying BitConnect is criminal (yet), they just should have registered with the state as a security just like any other business.