Bitconnect exchange closed price fell from 400 to 5 usd per coin
Providing coin exchange and money lending service, Bitconnect halted the coin exchange operations after U.S Securities and Exchange Commission (SEC) warned it of illegal and unregulated sales.
Following the closing of Bitconnect coin exchange, Bitconnect suffered a historical price fall from 400 usd to 5 usd pr coin within a short time period.
Bitconnect investors now are left with 5 usd worth of BCC coins amid intense concern about the future of their investments.
On the other hand, Bitconnect apparently continues to it’s operations at the official website bitconnect.co, without any public statement about the issue.