Bitconnect
Bitconnect (also spelled BitConnect and stylized bitconnect, ticker BCC) is an open-source cryptocurrency which was connected with the high-yield investment program bitconnect.co. After the platform administrators closed the earning platform on January 16 2018 and distributed users funds in BCC, confidence was lost and the value of the coin plummeted to below $1 from a previous high of nearly $500. The coin value collapse is one of the largest in the history of cryptocurrency.
The Bitconnect lending platform was closed on January 16, 2018.