Andrea Couzens asked 2 months ago

I had been doing very well with Bitconnect, and then in January I saw that it had been shut down and was labeled a Ponzi scheme.  I’ve moved most of the bitcoin I had with them to my Coinbase wallet, but I don’t know if I’ll ever get my initial investment of $20,190 back.  I’ve Bitconnect about this, but no one has answered.  In addition, after the bitcoin fork last August, I was given about 28.92 units of Bitcoin Cash, but now my Bitcoin Cash wallet no longer shows up on their dashboard.  I’m wondering if I still have some Bitcoin Cash with them, but again, no one has answered my inquiry.  Would you happen to know anything?

1 Answers
Steven Hay answered 2 months ago

Hi Andrea,
Well, Bitconnect wasn’t just labelled a Ponzi scheme, it was a Ponzi scheme. That’s why it collapsed. So, I wouldn’t expect to get any money out of what was a deliberate fraud. There’s a class action court case regarding Bitconnect in progress, so perhaps you might be able to join that and reclaim some share of your funds.

Bitcoin Video Crash Course 

Join over 94,000 students and know all you need to know about Bitcoin. One email a day for 7 days, short and educational, guaranteed.

We hate spam as much as you do. You can unsubscribe with one click.