Even then, BitConnect will continue to run its website and its wallet service, its prominence is to close their debt and exchange platforms. As stated on its own website, BitConnect had received a ceasefire from the regulators of two U.S. securities. This BitConnect closes its cryptocurrency exchange and loan service this week. It had long been accused of having a Ponzi-scheme, whatever it seemed as if it had been true, was just finished, as BitConnect had closed its doors.
Source - https://cointelegraph.com/news/bitconnect-ponzi-scheme-no-sympathy-from-crypto-community