Crypto Exchange Platform, Bitsane Disappears with Users Funds

Crypto Exchange Platform, Bitsane Disappears with Users Funds

Traders who use the Irish-based cryptocurrency exchange, Bitsane, are waking up concerned this morning after the platform disappears with users’ funds.

In a supposed “exit scam” it seems this was an orchestrated attempt to deceive users and steal their funds. With both the platform and social media accounts disappearing without a trace and e-mails bouncing back. While the CTO, Dmitry Prudnikov’s LinkedIn account has also been deleted with no explanation given.

All of this points towards the possibility that they have indeed pulled a fast one on their users who are naturally now concerned about what the future holds for their assets. Early reports indicate that users who chose to trade on the platform may now be short from anywhere from $5,000-$150,000 worth of digital funds.

One user who has claimed to lost funds on the latter end of this scale spoke to the financial news outlet, Forbes. He explained that he “was trying to transfer XRP out to bitcoin or cash or anything, and it kept saying ‘temporarily disabled.’ I (he) knew right away there was some kind of problem. I (he) went back in to try to look at those tickets to see if they were still pending, and you could no longer access Bitsane.”

Bitsane is still a very young exchange in nature only opening its doors in 2016, but gaining notoriety for its offering of XRP trading before many other exchange platforms. Could it be that the whole thing was a con?

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