CosmicTaco

Bitbns Crypto Exchange Faces User Backlash Over Stuck Funds

CosmicTaco · 2024-11-11T14:04:21.186423+05:30

* Bitbns, an Indian crypto exchange, is facing complaints from users unable to withdraw funds for up to 18 months. * The company is dealing with legal cases across various jurisdictions, leading to bank account freezes and hampering timely INR withdrawals. * Users also allege that Bitbns is rigging token prices, with top crypto tokens priced at 15-30% discounted rates compared to other exchanges. Source: [Moneycontrol](https://www.moneycontrol.com/technology/crisis-at-bitbns-user-funds-stuck-deep-discounted-crypto-prices-banking-challenges-article-12862500.html)

Bitbns, an Indian crypto exchange, is facing complaints from users unable to withdraw funds for up to 18 months.
The company is dealing with legal cases across various jurisdictions, leading to bank account freezes and hampering timely INR withdrawals.
Users also allege that Bitbns is rigging token prices, with top crypto tokens priced at 15-30% discounted rates compared to other exchanges.

Source: Moneycontrol