Bitbns

MC Explains: Bitbns Faces Major Withdrawal Issues: Locked Funds & Legal Battles | Users Speak Out

Bitbns, one of India's top crypto exchanges, is facing a storm of user complaints over locked funds and failed withdrawals. With over 25 users reporting issues, including one who hasn't been able to withdraw funds for a year, the situation is growing dire. Legal cases, bank account freezes, and claims of manipulated token prices have only added to the chaos. Watch this video for the full story and what’s being done to resolve the crisis.

Bitbns Faces Major Withdrawal Issues: Locked Funds & Legal Battles | Users Speak Out

Bitbns, one of India's top crypto exchanges, is facing a storm of user complaints over locked funds and failed withdrawals. With over 25 users reporting issues, including one who hasn't been able to withdraw funds for a year, the situation is growing dire. Legal cases, bank account freezes, and claims of manipulated token prices have only added to the chaos. Watch this video for the full story and what’s being done to resolve the crisis. Read the detailed story here: https://www.moneycontrol.com/technology/crisis-at-bitbns-user-funds-stuck-deep-discounted-crypto-prices-banking-challenges-article-12862500.html

Crisis at Bitbns? User funds stuck, deep discounted crypto prices, banking challenges

Users' investments, ranging from Rs 20,000 to Rs 1.5 crore, have been stuck with the exchange for months. While Bitbns is allowing deposits and trading on the platform, users have been unable to withdraw their funds. Bitbns CEO Gaurav Dahake said that arbitrary freezes on bank accounts by LEAs has impacted its ability to process user withdrawals.