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RE: Vlog 191: Reasons for the crypto crash: Asian new year and Bitconnect shutdown + Where did the steemit powerdown (5.4 million STEEM) went to?
This was the reason why Texas state court ordered a cease and detest order saying, the value of bitconnect token comes from its lending platform and if the lending platform goes down or gets hacked there won't be any value of bitconnect tokens at all.
I agree we did see a DDOS attack on bitconnect site but they could have taken a better action rather than stoping their lending services.