A lawsuit, second in a row for the past month, was submitted by a Kentucky resident Brian Page in connection with BitConnect. As the news of the platform shutting down hit the Internet, the price of BCC plunged that resulted in customers’ losses. Mr. Page with the lawsuit is trying to recoup his losses. The accusations are that BitConnect is operating a Ponzi scheme as BitConnect claimed to to provide a monthly return of 40 percent.
The suit also concerns an Oklahoma resident Ryan Massen. It is said that Mr. Maasen acted as an unregistered agent for BitConnect, and used the misleading potential of returns to profit from fooled investors.
This lawsuit however limits itself to the companies only associated with BitConnect and Mr. Maasen.
Twitter reactions are malevolent and somewhat righteous:
@Rellsince86 said «Funny how all these Bitconnect guys keep deleting videos but then also saying «I didn’t do anything wrong» lol we shall see what happens».
@rocco8081 said «These people are going to screw up the entire market because they could not think for themselves! These individual people suing should have never invested in the first place».
@loudcrypto3 said «When will people learn!?! Do your research!».
@evstigneeff said “«Yeah! All "lending" crap should get sued!!!».