5 ms·
The only question remaining is - how on earth is it still worth anything? Who is buying?
by taberiand 9y ago
The only question remaining is - how on earth is it still worth anything? Who is buying?
- dannyw 9y agoSEC seizing remaining assets (if any) and re-distributing then?
- JumpCrisscross 9y ago> SEC seizing remaining assets (if any) and re-distributing then? That is unlikely to pay out to someone who bought after BitConnect was shut down. Generally speaking, when a regulator resoles a Ponzi scheme they take the promoter's assets and help put it into trust. That trust has two jobs. One, to sue those who sold their BCC before the scheme unraveled [1]. And two, to distribute cash to those who lost money. [1] http://www.newsweek.com/it-fair-sue-madoff-victims-who-made-profit-68923 http://www.newsweek.com/it-fair-sue-madoff-victims-who-made-...
- rsynnott 9y agoRemember when MtGox was transparently dead, and people were still sending in bitcoins? There are an awful lot of incredibly gullible people into this stuff.