If you’ve never considered keeping your crypto funds outside of an exchange, the events in the Republic of Ireland would give you a rethink. It appears Bitsane, a cryptocurrency exchange platform based out of Dublin, has ceased its operations and disappeared with users funds, per a Forbes report.
But there were warning signs. According to the report, users had witnessed multiple issues with withdrawals as far back as May 2019. Some weeks after, Bitsane deletes its social media accounts, shuts down its servers and disappeared. In addition to that, Bitsane’s trading information on CoinMarketCap has also not been updated for the past 10 days. All signs point to the fact that Bitsane just kiboshed and vanished into thin air.