What happened
In January 2018 BitConnect shut its lending operation and the token price collapsed. In 2021 the SEC charged BitConnect and associated actors.
What failed
The advertised returns depended on new inflows and a rising token price.
Current status
The original lending platform is gone. BCC or copycat tickers may still appear on obscure markets.
What users should do
- Treat new BitConnect-named sites as unrelated unless you can prove legal continuity.
Lessons
- Guaranteed daily returns in crypto are a major warning sign.