Review on Altsbit by Emmanuel Sunday
The exchange shuts down due to hackers attacks
Exchange is said to be a risky place to save your funds, as most of the times, your funds are on the hot wallet during trading activities, which is accessible on the internet. This was proven when an attack was launched in this exchange, the altsbit. The exchange was functioning perfectly, when it was suddenly attacked by some hackers group. A lot of users funds where lost, but the exchange where able to make refunds for every users missing funds. The gave a deadline for every users to request withdrawal, after that, all the funds where sent across and the exchange announced its shutdown. I was impressed by the actions taken by the exchange which displays integrity. So it is advisable you stay away from this exchange, as they had shutdown, and learn to use wallets as your primary storage for your funds.
Pros
- It was a very good performing exchange before it was attacked by some hackers.
Cons
- It is currently not functioning and available
