Bitsane Crypto Exchange Vanishes And Leaves Users Without Their Assets

Bitsane crypto exchange reportedly ceased to exist and left the users without their invested assets after the victims reported that they had problems withdrawing their funds from the exchange. More on the reports, we read in our latest cryptocurrency news below.

According to the reports, the exchange claimed to be ‘’temporarily disabled due to technical reason’’ but the users realized that the operators of the exchange lied to them since the platform suddenly disappeared. Bitsane even deleted its Twitter and Facebook account so users were unable to reach the operators in any way possible.

From the archive of the Bitsane crypto exchange, you could read that there have been more than 240,000 users and more than 25,000 daily transactions. While the operators reported the stats, there was no reason to believe that they are not accurate as CoinMarketCap showed that Bitsane has an accurate daily trading volume of $7.2 million on March 31. A victim of the scam wrote:

 “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.’’

The victims of the Bitsane crypto exit scam formed groups on Telegram and Facebook where they share their opinions and stories to discuss how they can get their money back but most of the users reported that they find it really hard to believe they will ever get them back. Some of them claimed that they lost up to $5,000 in the exit scam and even one stated that the lost more than $150,000 worth of Bitcoin and XRP. He told Forbes:

 “I was trying to transfer XRP out to bitcoin or cash or anything, and it kept saying ‘temporarily disabled.’ I knew right away there was some kind of problem. I went back in to try to look at those tickets to see if they were still pending, and you could no longer access Bitsane.’’

As noted in the coming altcoin news, Bitsane attracted numerous users during the major boom in 2017 when XRP was one of the hottest coins. During that time, there was a tutorial included on how to buy XRP on Bitsane which resulted in a massive influx of new users.