Crypto Exchange Bitbns Admits To $7.5 Mn Hack In 2022

Crypto Exchange Bitbns Admits to $7.5 Million Hack After Accusations of Cover-Up

Bitbns, a Crypto Exchange, Has Admitted to Being Compromised in a $7.5 Million Hack in 2022 After Being Accused of Covering It Up

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Gaurav Dahake – the Founder – Noted This Was Not an Isolated Incident and Most Major Exchanges Had Gone Through Similar Problems

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In February 2022, Bitbns Temporarily Suspended Operations Due to System Maintenance. However, the Exchange Was Taken Offline After Company Personnel Noticed an “Unexpectedly High Throughput” on Their Servers

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Dahake Reported the Platform Had Experienced “Irregular Activities” Before the Hack, Leading Bitbns To Take the Exchange Offline for a Short Period of Time To Investigate What Went Wrong

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Bitbns’ Recent Controversy Is Not Its First Encounter; Previously, the Exchange Had Voiced Its Displeasure With Indian Authorities for Delays in Withdrawals

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The Recent Controversy in the Indian Crypto Startup Ecosystem Has Put Investors on Edge

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