Crypto scams will never cease as long as crypto remains on the face of the earth. Yet another day in the crypto domain and one more incident of a cryptocurrency scam. This time its Bitsane, the Irish crypto exchange escapes with the fund of over 246,000 customers. Currently, no connections can be established with the firm or its CEO and CTO.

Bitsane is not some low-key crypto exchange. It has its registration in Dublin and has the approval of Ripple for trading XRP. The fiasco began last month when users were unable to withdraw funds from the exchange. Mentioning of technical glitches the exchange was taken down temporarily. However, by the second week of this month, the Bitsane website and all of its social media handles have been deleted.

All official emails to the Bitsane mail ID are rendering as undeliverable. Even the CTO Dmitry Prudnikov’s LinkedIn profile is no more available. So, if they are at all escaping they are making sure to remove all traces of their online presence. Various social forums are citing that certain consumers have lost up to thousands of dollars after Bitsane’s escape. As per the Forbes report, customers are now going to the FBI to register a complaint against Bitsane, which is now on the run.