From Coindesk
A temporary restraining order (TRO) freezing BitConnect's assets has been granted in the U.S. after a second lawsuit was filed against the cryptocurrency exchange and lending platform on Monday.The order – granted by Chief District Judge Joseph McKinley, Jr. at the U.S. District Court, Western District of Kentucky – requires the parties to disclose cryptocurrency wallet and trading account addresses, as well as the identities of anyone to whom BitConnect has sent digital currencies within the last 90 days.
The defendants have 10 days to comply with the order. In addition to the disclosures, BitConnect International PLC, BitConnect LTD, BitConnect Trading LTD and Ryan Maasen are prohibited from transferring any assets they may possess until they are granted permission by the court, according to the TRO.
The order comes in response to a second class action lawsuit filed against BitConnect after it shut down its trading and lending platform, alleging that the exchange is a Ponzi scheme.
The plaintiff, Kentucky resident Brian Paige, filed the lawsuit on behalf of every investor in BitConnect, noting that bitcoin and other cryptocurrency assets had been converted into BitConnect Coin (BCC) when the company announced it was shutting down its exchange. BCC, which was trading at more than $300 at the time, had crashed to about $6 at press time.
All around the world people are telling their idiot friends "I told you so" right now.
Leave your thoughts in the comments below.
Man, I used to see a Craig Grant Bitconnect ad at the beginning of almost every crypto-related video I watched on Youtube. It was so glaringly scammy- the fake home-video quality of the footage designed to make you feel like he was on your level. Just a regular guy like me and you, making hundreds of thousands of dollars with no effort. Get real.
Though I'm sorry for anyone who got involved with good intentions, I'm glad to see it come down. Once you've been involved in this kind of thing, you can smell the scam a mile away just from the religious fervor it's adherents exude and the impossible promises they offer.
:O , I'll keep it in mind
I told you so, idiot friend:)
This post has received a 6.74 % upvote from @booster thanks to: @contentjunkie.
You got a 5.45% upvote from @postpromoter courtesy of @contentjunkie!
Want to promote your posts too? Check out the Steem Bot Tracker websitevote for @yabapmatt for witness! for more info. If you would like to support the development of @postpromoter and the bot tracker please
This post has received gratitude of 3.27 % from @appreciator thanks to: @contentjunkie.