Many Indian crypto traders are showing their frustration with the crypto exchange Bitbns.
BitBns, a well-known Indian crypto exchange, was founded in December 2017. It gained significant popularity among Indian crypto traders in 2018 by being the first to offer P2P crypto trading services in response to the Indian Central Bank’s ban on crypto banks. Subsequently, the platform introduced various crypto-related services to meet customer demand.
According to many users of crypto
Since July 2023, crypto fund withdrawal services have been disabled by the Bitbns crypto team.
Some Bitbns users claimed they had successfully withdrawn funds, but spent a significant amount of time pressuring the Bitbns team with dozens to hundreds of complaints through the platform’s support ticket system.
Now people from Indian crypto
Crypto influencers are seeking a response from Bitbns CEO Gaurav Dahake regarding such complaints, but no activity from the Bitbns team or its CEO can be seen on the X platform.
Bitbns hacking incident
In February 2023, this crypto exchange was attacked by an unknown hacker. That hacker successfully stole $7.5 million worth of cryptocurrencies.
The Bitbns team tried to cover up the incident but unfortunately failed as a popular crypto detective made this matter public and later the CEO of Bitbns admitted the hacking incident.
We can see the reaction tweets of the Bitbns users on the Bitbns X wall, where the Bitbns team faces very bad criticism about ongoing withdrawal services.
Some people believe that the Bitbns exchange does not have enough funds to make withdrawals to the customers because their funds have been drained by hackers.
Also read: Now 36% of global crypto users are registered on the Binance crypto exchange