Malwarebytes Anti-Malware Software Has Added BitConnect To Its Blocked Websites List!
One of the top anti-virus / malware companies Malwarebytes has recently added BitConnect to it’s list of blocked sites!
A user in the Malwarebytes forums inquired about it, thinking it may have been a false positive. A staff member was quick to respond that the site was in-fact legitimately banned:
I’m sure most of you have heard of BitConnect, but for those of you who haven’t, BitConnect is a website (and cryptocurrency; BCC) which promises its users 500%+ returns in cold-hard cash, as well as a profit guarantee of over 90%. On top of this, they promise no risk of loss! To me this screams “Too good to be true” but they claim the money is made using a custom-coded cryptocurrency trading bot. A bit of research makes it quite obvious that this is your typical Ponzi scheme.
Simply put, these guys are luring unsuspecting users with promises of unrealistic gains. They manipulate the value of their currency by convincing their userbase to buy their cryptocoin with BTC and returning it to them, along with the Bitcoin. The interest is then repaid to the users with the funds brought it from new investments. As soon as maximum profit potential has been reached, they’ll undoubtedly dump off their currency which has been grossly inflated (artificially) as well as the Bitcoin and disappear into thin air.