Yup, this was always a possibility. I invested in it, I told people about it but also said....it's Vegas money. If you are not ok losing it all then don't put it in.

As long as bitcoin was steadily going higher bitconnect would ride....once BTC had a couple sell offs and then something like this it would be trouble.

And so it has come to pass.

Gladly I got enough money out of it to still walk away with a small profit after watching the rest go poof. Cashing out the lending profits as opposed to reinvesting was prudent.

Funny that many told me I was being a Scaredy Cat (pun intended) when I was doing this.

Shame to see so many people get burned on it.