TradeSatoshi to Delist BitConnect Amid Signs of Social Media Resurgence

BitConnect (BCC) is on the verge of becoming a defunct digital asset, as it is set to be delisted from the last exchange that supports it, TradeSatoshi.

In less than a month, trading for the remaining tokens will cease, leaving no mechanism for price determination for BCC. During its peak activity, the prices of BCC frequently surged, driven by the rising value of Bitcoin (BTC). This significant increase in BTC prices allowed BitConnect to operate and persist for an extended period.

The BitConnect platform required users to purchase BCC tokens with BTC at an increasingly high price that was artificially sustained. New investors effectively financed the returns for earlier participants, making the earnings resemble those of a Ponzi scheme.

Although BitConnect attempted a relaunch under the name BitConnectX, it ultimately failed. There are now signs that former leaders are seeking to reemerge in the market.