Supposedly bitconnect was hacked?
or
to be more clear
Bitconnect's own users exploited a glitch in the system that rewarded them with 2x or 3x the amount of coins in their wallet if they tried to buy more coins they could not afford (or so I understand).
This video explains it a bit more clearly:
Hopefully the site will open up in a few days, but right now the site is up but you cannot log in or conduct any busness on the site. You cant even research what bitconnect is right now on the site. The site just posts this one bit of information:
Lets all check back in a few days on any developments.
For now the price dropped over 50% down to .003 and first but has stabilized at .024-.02 range. on Nova exchange at the time of this writing.
So its a nice time to get BCC at a discount if you think the site will ever go back up.