Bitsane scams 246 000 users

Bitsane scams 246 000 users

Bitsane, an Ireland based crypto exchange turned out to be a scam, after it virtually disappeared, together with the assets of some 246 000 registered users.

Bitsane users’ started to have problems with their withdraw requests as early as May, when Bitsane’s support team responded with e-mails, explaining that all withdraws are “temporarily disabled due to technical reasons.”

Bitsane’s website went down on June 17th, while its Facebook and Twitter accounts turned out also to be deleted. Currently all Bitsane users’ e-mails are being returned as undeliverable.

Victims of the scam have formed a Facebook group with over 100 members. Most of them report to have lost up to 5000 USD, but Forbes reports of a user, who has lost 150 000 USD worth of Ripple and bitcoins.

According to its website as of May 30 Bitsane had 246 000 registered users and a daily trading volume of about 7 million USD.

Earlier this week the Singapore crypto exchange Bitrue said it had been hacked for over 4,5 million US, while in May Binance also reported to have been hacked for over 49 million USD.

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1 Comment

  1. Gerrit Adriaan

    PROcapital markets also a scam

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