Main Points related to Bitcoin, web3, Ethereum, and cryptocurrency:

  • Beribit cryptocurrency exchange facing fraud allegations for not refunding customers’ money
  • Only 19 out of 100 clients received money, with a total of 400 million rubles blocked on the exchange
  • Exchange demanding certificates of legality of income from victims to avoid paying debts
  • Scandal broke out in March with searches in Moscow offices, technical problems reported in April
  • Clients suspect exchange of changing conditions to keep funds, promises made but not fulfilled

Russian Cryptocurrency Exchange Beribit Faces Fraud Allegations

Beribit, a Russian cryptocurrency exchange, is embroiled in fraud allegations as it refuses to refund customers’ money. Reports indicate that only a small fraction of clients have received their funds, with a significant amount of money, totaling 400 million rubles, blocked on the exchange. The administration of Beribit is requesting certificates of the legality of income from victims as a condition for refunding debts, causing further frustration among users.

Scandal Surrounding Beribit and Technical Issues

The scandal surrounding Beribit erupted in March when authorities conducted searches in the company’s Moscow offices. In April, the exchange cited technical problems with cryptocurrency withdrawal, attributing it to a change in management and reporting inconsistencies. Despite promises to fully reimburse users, Beribit has failed to deliver on its commitments, leading to ongoing complaints from platform customers about the inability to withdraw their funds.

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