A bowl in this story is a great object lesson. This is definitely not from the DDOS hacking attacks. It did not fall due to the pressure of the government and because of the poor press.
Changes Coming for the Bitconnect System
In its Ponzi borrowed Smart Bot scandal, BitConnect had finally predicted the most discerning supervisors. This coin concentration and "rule" in the end is burning accidents and its hell burn. A lie in this has proved to be a big truth.
"This centralization and governance are anti-crypto"
Source - https://news.bitcoin.com/autopsy-of-the-bitconnect-implosion-ponzi-centralization-governance/