Cryptocurrency Exchange Bittrex is under scrutiny
Bittrex, a well-known cryptocurrency exchange, has been under a lot of pressure in recent weeks. A Russian Telegram channel showed that a customer had received passport documentation and other important data for users by accident in an email generated by the exchange.
Moreover, a large number of Iranian traders are claiming that they were banned from using the platform and are unable to withdraw funds held on Bittrex.
A person managed to buy a Tesla through market manipulation
To be added that a self-confessed market manipulator declared that he managed to buy for himself a Tesla due to the profits obtained by buying and selling altcoin on Bittrex. This week, the exchange decided to respond to the incident:
The trader who bought the Tesla through market manipulation is from Belgium. He declared for the press that he bought a Tesla just to demonstrate that market manipulation is everywhere and that the pump-and-dump practice is funny and evil at the same time.
Moreover, he declared that he managed to make “hundreds of thousands” in profit and besides for the Tesla, he also paid a deposit for a small house.
Bittrex defended itself in a statement, saying that it closes suspect accounts: