Bitmarket Rug Pull

Reported loss $27.1M
Rugpull

What happened

Bitmarket, a Polish cryptocurrency exchange, abruptly ceased operations due to a loss of liquidity.

In the days leading up to the cessation of operations, Bitmarket enforced mandatory changes to user passwords and API keys. Additionally, all withdrawals were halted under the pretext of additional KYC requirements. The abrupt closure of the exchange left users in the dark, with many speculating about the possible reasons behind the sudden loss of liquidity.

Protocol details

Classification CeFi
Protocol Type Exit Scam/Rugpull
Protocol links Website

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