A few days ago another exchange, Bitsane, which mainly traded Ripple (XRP), disappeared into thin air, leaving over 240,000 users with no funds and no support to refer to as all social profiles have been deleted, which suggests a real scam.
Launched in 2016, the exchange had its headquarters in Dublin and allowed to trade both crypto against fiat and crypto against crypto. The bank transfers were SEPA, but there was also integration with OKPAY and ADVCASH; it accepted euros, US dollars and Russian roubles, but not credit cards.
Bitsane required the classic KYC (Know Your Customer) procedure to be able to operate, it also following strict AML (Anti Money Laundering) and CTF (Counter-Terrorist Financing) procedures. In addition, the platform claimed to have customer assets stored in cold storage and boasted that it had never been hacked.
The main cryptocurrencies that it dealt with were bitcoin, bitcoin cash, bitcoin gold, ethereum, litecoin, XRP, dash, iconomi and also the above-mentioned fiat.
Unfortunately, many have now found themselves without funds. Both CEO Aidas Rupsys and CTO Dmitry Prudnikov are no longer available even on social networks, a sign of a real scam.
