Late last night around midnight US east time, the price of BCC tokens rapidly rose from around $130 USD to $150 USD, and shortly after, Bitconnect.co was shut off.
According to the Bitconnect team: "The issue has been that many members have withdrawn more BTC and BCC than they held in their wallet. This issue is currently under investigation and we will be suspending accounts who benefitted from this glitch temporarily."
My friends and I noticed service to the BTC and BCC wallets were not displaying properly and others were reporting that they were not able to send/withdraw funds from their wallets.
Once the Bitconnect platform had been shut down last night, the price of BCC dropped off a cliff, and I noticed that the volume of BCC on livecoin.net was over $100 million USD. At the time of writing this, livecoin is currently "under maintenance", or as I would rather call it...damage control.
Fear not if you have money on the Bitconnect platform though, because Bitconnect has stated on their website "We shall be aiming to reactivate accounts by 3:00PM (GMT), 27 August 2017".
We love our Bitconnect here at OOO Web Design, and if you would like any information regarding Bitconnect, or our referral link let us know in the comments!
Shoutout to Crypto Girl @crypto.girl for making this video related to issue this in such short notice!