Irish crypto exchange Bitsane disappears with customer fund

Binomo social media scam

An Irish cryptocurrency exchange, Bitsane is nowhere to be found and it could have disappeared with funds of its customers.

Bitsane which used to offer real-time and spot trading for major tokens and most especially, XRP, has gone into the wind deleting all its social media accounts.

There are now fears that Bitsane was a mere exit scam that finally happened.

CoinDesk reported that on average, customers of Bitsane must have lost between $5,000 to $150,000 in crypto assets.

A customer who claimed he lost about $500,000 in digital assets told Forbes that:

“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.”