💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

South Korean exchange PureBit Pulls Exit Scam, Takes Away 13,000 Ethereum (ETH)

Published 11/12/2018, 07:16 AM
Updated 11/12/2018, 08:20 AM
© Reuters.   South Korean exchange PureBit Pulls Exit Scam, Takes Away 13,000 Ethereum (ETH)
ETH/USD
-

PureBit, a new and small-scale South Korean exchange, closed completely over the weekend, exit-scamming with 13,000 Ethereum (ETH). Users noticed the exit, and later, South Korean Cryptocurrency & Blockchain News confirmed the event through Twitter:

https://twitter.com/BlockchainROK/status/1060840288489369600

The exit scam follows the sudden closing of an unrelated exchange, MapleChange in Canada, further underlining the dangers of storing funds on exchanges. However, access to small-scale, exotic assets has caused some users to prefer exchange wallets, instead of using multiple coin wallets.

In fact, the PureBit exchange had hardly started wor...


This article appeared first on Cryptovest

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.