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.”