BiteBTC, a little-known cryptocurrency exchange allegedly based in Singapore, has halted withdrawals and is blocking clients’ accounts, several affected users told Forklog.com. A similar warning was also posted by CoinMarketCap.
As of October 1, KIBO has been running its ICO having raised Ethereum-denominated equivalent of $3 million so far. During this time, ForkLog received numerous letters from our readers pointing out about the project’s dubious reputation and going as far asÂ accusing the platform’s creators of being downright scammers.
Online scams and fraud are increasing every day and, sadly enough this activity often includes cryptocurrencies. Moreover, fraud is not about the darknet only, one can be cheated on trusted sites like eBay as well.