Review on Altsbit by Hassan Abdullahi
Dead Exchange
AltsBit Exchange
From its name it seems to dealsl majorly with Altcoins but that part of the exchange cannot be clarified as the exchange doesn't seem to offer any trading services anymore. This particular exchange is a multicurrency exchange founded in 2018, it was initially known as Digital Prices until recently when it changed it name to AltBits. This exchange seemed to be moving well until 2020 when it suffered a major attack by hackers and lost some funds but thankfully, some of the funds were locked in offline storage. It also planned to compensate traders with the remaining available funds though in percentages. But the story doesn't seem true because some exchanges can actually to great extent to falsify a hack and therefore cheat innocent traders. Since its hack in 2020, there hasn't been any major activity going on in the exchange. I advise you stay away from this exchange!!!
Pros
- None at all
Cons
- Nothing much is known about the exchange
- I'm not sure the hack was real, it could have been made up
