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Are you surprised !!!!crypto currency fraud .....not i...... nope ......it was only a matter of time before someone got humped ......I mean call me old school....but cold hard cash ......always seems to be the method .......couldn't this be used for criminal intent.....i mean do hookers take crypto currency .....no i do not think so.......maybe when hookers make it acceptable .....and a useable commodity ....then it may be taken seriously......i mean who owns it ,.....who runs it is my question.......will this not be a warning to the fools who used it.......apparently the tune of 7 million bucks is missing ........not a bad pay day for a criminal.......of you wanna retire to a 3rd world shit hole.....
I have never understood how you visibly see or hold your currency.....that seems strange to deal in something you cant see.....still it may a warning to the industry .....which i always thought was a scam anyways ......especially the bit coin .....i mean people have made fortunes from it ....i don't get it .....how do you buy small items with crypto ......like coffee and such like .....
All i know is there will always be people preying on the greed of the stupid ......greed and stupidity are always on the same platform .......and there is no short of greedy fools ......there is nothing else greed causes desperation ....and that always lead to disappointment .......i cannot say i feel pity for anyone that is willing to trust an entity .....with large sums of their hard earned money .........there will always be someone trying to take your money ......there is no honor today criminals are looking for greedy people to scam ......and there will no no shortage .....
Irish Crypto Exchange Bitsane Vanishes While Exit Scamming 246,000 Users
Following Coinroom, Bitsane is the second crypto exchange that has pulled an exit scam in the past three months, leaving up to 246,000 users as victims of fraud.
Image source: Facebook
Image source: Facebook
It Started With a ‘Technical Issue’
Bitsane victims reported to Forbes that users had problems withdrawing cryptocurrencies from the exchange in May. In response to the issue, the operators of the platform sent out emails claiming that withdrawals had been “temporarily disabled due to technical reasons.”
On June 17, Bitsane users had to realize that the operators of the crypto exchange had lied to them as the platform had suddenly disappeared. Bitsane even deleted its Twitter and Facebook accounts, and users were unable to reach the exchange’s support team via email.
An archive of the vanished cryptocurrency exchange shows that it had 246,000 users and 25,000 daily transactions. While the operators reported these stats – so there’s a reason to suspect they are not entirely accurate –, CoinMarketCap shows that Bitsane had a daily trading volume of $7.2 million on March 31.
“I believe a major international crime has been committed. I have lost $7000 USD! What I know follows, there are many victims, please help. THEY HAVE STOLEN ALL OUR MONEY,” a victim of the cryptocurrency exchange stated on Facebook.
The victims of the Bitsane exit scam have formed groups on Telegram and Facebook to share their stories and discuss their options to reclaim their funds. Most users in these groups have reported that they had lost up to $5,000 in the exit scam, but one US customer stated to Forbes that he had $150,000 worth of bitcoin and XRP in his exchange account that he was unable to withdraw.
Read the full story on CCN.com.
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